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tensa zangetsu [6.8K]
3 years ago
14

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
a. $6.50 each.
b. $7.50 each.
c. $9.50 each.
d. $10.50 each.
Business
1 answer:
Sveta_85 [38]3 years ago
8 0

Answer:

c. $9.50 each.

Explanation:

For computing the selling price, first we have to compute the total price of three cakes which is shown below:

The sale value of three cakes would be

= $3 per cake × 3 cakes

= $9

And, the producer surplus is $19.50

So, the total price of cake equals to

= $9 + $19.50

= $28.50

And, the number of cake is 3

So, the selling price would be

= $28.50 ÷ 3 cakes

= $9.50 each

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Identify two to three factors that affect revenue, expenses, and profit in the business of the Super Bowl:
scoundrel [369]

Answer:

Revenue

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Expenses

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The profits will depend on how much revenues exceeds costs by so all the above listed factors can affect profit.

5 0
3 years ago
Horatio has taken out a $12,450 unsubsidized Stafford loan to pay for his four-year undergraduate education. The loan has an int
abruzzese [7]

Answer:

Explanation:

We solve by first, getting the quota Horatio pays on his loan:

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV 12,450

time: 10 yearss x 12 months per year = 120

monthly rate: 7.3% / 12 = 0.006083333

12450 \div \frac{1-(1+0.006083333)^{-120} }{0.006083333} = C\\

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Now, we miltiply the quota by the quantity of payment ans subtract the principal to get the amount of interest paid:

quota times quantity of monthly payment: total amount paid

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EB7.
egoroff_w [7]

Answer:

$4,228,125

Explanation:

The computation of the included amount is shown below:

= Estimated production in a next year × required direct labor per hour × labor rate per hour

= 75,000 units × 4.1 hours × $13.75 per hour

= $4,228,125

We simply multiplied the estimated production with the required direct labor per hour and the labor rate per hour so that the estimated value can arrive

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Answer:

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Explanation:

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