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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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Answer:

C

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Bond prices will gradually decrease as we have a decrease in years to maturity. This means that the closer the year to maturity, the lesser the value of the bond price

4 0
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Why have the fortunes of the English gentry degenerated?
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4 0
3 years ago
If the general education level within a country rises significantly over time, it is likely that: the country’s production possi
kiruha [24]

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6 0
3 years ago
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Make in-house:

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Direct labor 24

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