Final answer:
The term C in the equation C = 24n + 35 represents the total cost of making n cakes, which includes both the variable costs of production and the fixed cost for equipment.
Step-by-step explanation:
In the equation C = 24n + 35, where Sherrie is starting a business to make birthday cakes, the term C represents the total cost of making n cakes. This includes the variable costs of making each cake, which is $24, multiplied by the number of cakes (n), plus the fixed cost of equipment, which is $35. Therefore, option (C) The total cost of making n cakes is the correct answer.