1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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! :)
You might be interested in
Following are two income statements for Alexis Co. for the year ended December 31. The left number column is prepared before adj
julsineya [31]

Answer:

Find in the excel file attached detailed adjusting entries required for all transactions in the question.

Explanation:

Please note  the analysis of each transaction done under the heading "particulars".

Download xlsx
4 0
3 years ago
A company has large number of employees who have various roles and responsibilities. many times the company has encountered situ
Dennis_Churaev [7]

The answer to the question is the least privilege policy.

The least privilege policy refers to a concept in computer security where users in a computer network are limited in terms of their ability to access things in the network according to the level of access needed for them to do their job. Thus, a person who works in Finance for example, would have a higher level of access compared to someone who works in Operations.  

5 0
3 years ago
In a 100 capitalist structure the owners are offered what advantages
Alisiya [41]

In a 100 percent capitalist structure, there are basically two advantages that the owners are offered:

1. They can make as much profit as they desire, as long as they are hardworking and the market permits it.

2. They don’t have to bother themselves about the welfare of their workers.

8 0
3 years ago
A south sea island produces only coconuts. In 2010, the price of a coconut is $1.50 and the quantity produced is 300. In 2012, t
Semenov [28]
1.50*300=$450
0.5*350=$175
(175/450)*100=39%
Real GDP in 2012 is 39%
8 0
3 years ago
_____________, fill in the blank, requires that sales associates be friendly, knowledgeable, and helpful.
seraphim [82]

It should be noted that Personal selling requires that sales associates be friendly, knowledgeable, and helpful.

<h3>What is Personal selling all about?</h3>

Personal selling  can be regarded as face-to-face selling where someone  who is the salesman tries to convince the customer in buying a product.

It serves as a promotional method by which the salesperson uses his or her skills to sell goods.

Learn more about Personal selling at;

brainly.com/question/7156426

3 0
2 years ago
Other questions:
  • _____ is the balance between supply and demand.
    9·1 answer
  • Researchers have defined the marketing problem. what is the next step in the marketing research process? A. Interpret the data.
    5·2 answers
  • A customer came to your department with an urgent question. You promised her that you wouldcollect information about her questio
    13·1 answer
  • The cases of Enron and Bernard Madoff go beyond a question of ethics because in both cases ________. no harm was intended and th
    9·2 answers
  • Tim Tupper's term paper-typing business is a perfectly competitive firm in long-run equilibrium. Which of the following does not
    6·1 answer
  • Which statements about data warehousing is not correct?
    9·1 answer
  • An individual leaves a collegeâ faculty, where she was earning â$80,000 aâ year, to begin a new venture. She invests her savings
    6·1 answer
  • In economic terms, the long-run monetary benefits of doing business in a country are based on the size of the market, the presen
    5·1 answer
  • Which of the following activities are covered by OSHA's steel erection regulations?
    10·1 answer
  • A basic interest rate that is not adjusted for inflation is called a(n)___ interest rate.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!