At Mike's Bakery, the Cost of Making One Croissant Is

question 115

Multiple Choice

At Mike's Bakery, the cost of making one croissant is $1.50. If Mike sells 20 croissants and gains producer surplus of $40.00, then Mike must be selling his croissants for

• A)$1.50 each.
• B)$2.00 each.
• C)$3.50 each.
• D)$30.00 each.