Understanding Product and Costs in Baking

The video explains the concepts of a product and its associated costs using an example of Michelle baking cookies. It details how Michelle's cookies are her product and the ingredients she buys are her costs. The video then demonstrates how to calculate the total cost of making the cookies by adding the prices of the ingredients.

What is a product in the context of this video?

• A type of cost

• A financial investment

• Something you buy

• Something you make or sell

In the example given, what is Michelle's product?

• Bread

• Cake

• Cookies

• Pasta

Which of the following is NOT a cost for Michelle's cookies?

• Butter

• Flour

• Eggs

• Sugar

How much does Michelle spend on butter?

• $10

• $5

• $3

• $2

What is the total cost of making the cookies?

• $10

• $8

• $9

• $11