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    Principles of Macroeconomics Study Set 8
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    Exam 7: Consumers Producers and the Efficiency of Markets: Producer Surplus
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    At Nick's Bakery,the Cost to Make a Cheese Danish Is
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At Nick's Bakery,the Cost to Make a Cheese Danish Is

Question 27

Question 27

Multiple Choice

At Nick's Bakery,the cost to make a cheese danish is $1.50 per danish.As a result of selling ten danishes,Nick experiences a producer surplus in the amount of $20.Nick must be selling his danishes for


A) $2.00 each.
B) $0.50 each.
C) $3.50 each.
D) $5.00 each.

Correct Answer:

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