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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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A - The question suggests you may have been putting more effort and <span>enthusiasm</span> into sales of the products for your new business "<span>you were so excited about the large volume of orders you had" which may mean after your first year of business you may have started to slack of or get complacent with putting you business out there marketing wise, also when launching a product for the first time people are interested in the new and latest thing (such as a new business) after a while people start to forget unless you have marketing and advertising to remind them.
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I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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