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

Question 1

Multiple Choice

At Nick's Bakery,the cost to make homemade chocolate cake is $4 per cake.As a result of selling five cakes,Nick experiences a producer surplus in the amount of $17.50.Nick must be selling his cakes for


A) $6.50 each.
B) $7.50 each.
C) $9.50 each.
D) $10.50 each.

Correct Answer:

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