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Aleks [24]
3 years ago
9

At nick's bakery, the cost to make homemade chocolate cake is $3 per cake. as a result of selling three cakes, nick experiences

a producer surplus in the amount of $19.50. nick must be selling his cakes for
Business
1 answer:
Kazeer [188]3 years ago
3 0
Producer surplus is the difference between the amount a producer of a good receives and the minimum amount the producer is willing to accept for the good.

Cost to make 1 cake= $3

FIND SURPLUS PER CAKE
Surplus divided by 3 cakes
$19.50 ÷ 3= $6.50 surplus per cake

SALE PRICE OF CAKES
$3 cost + $6.50 surplus= $9.50

ANSWER: He must be selling his cakes for $9.50.

Hope this helps! :)
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Answer:

initiating process

Explanation:

Initiating process -

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The amount , goals and duration of the project is calculated in this very step .

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Suppose that Jack and Hal and Sophia enter into an agreement to sell the restaurant. The contract includes the non-competition a
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You want to buy a car, and a local bank will lend you $20,000. The loan will be fully amortized over 5 years (60 months), and th
EastWind [94]
Amortizing a loan P over n periods at i% interest / period, the payment per period is given by:
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In given situation,
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7 0
3 years ago
Intel Corporation had assets equal to $123,249 million and liabilities equal to $54,230 million for a recent year-end. What was
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Answer:

total Equity at end of the year  = $69019 million

Explanation:

given data

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liabilities = $54,230 million

to find out

total equity

solution

we get here total Equity at end of the year that is express as

total Equity at end of the year  = Asset - Liabilities   .................1

put here value we get

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8 0
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