The Cakery Bakery Sells 200 Muffins at a Price of $2

question 227

Multiple Choice

The Cakery Bakery sells 200 muffins at a price of $2 per muffin. Its explicit costs for producing 200 muffins are $350. The cakery bakery's economic profits are

• A) $35.
• B) $50.
• C) $400.
• D) indeterminate from this information.

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