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At Nick's Bakery,the Cost to Make Nick's Homemade Chocolate Cake

Question 119

Multiple Choice

At Nick's Bakery,the cost to make Nick's homemade chocolate cake is $4 per cake.He sells four and receives a total of $24 worth of producer surplus.What is Nick selling his cakes for


A) $2 each
B) $7 each
C) $8 each
D) $10 each

Correct Answer:

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