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.

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Definitions:

Coercive Power

Coercive power refers to the ability of a person or group to force others to comply with demands or obey orders, often through the threat of punishment or negative consequences.

Dominant Group

A social group that possesses the greatest power, wealth, prestige, or privilege in a given society and uses these advantages to influence or control other groups.

Ideology

A system of ideas and ideals, especially one that forms the basis of economic or political theory and policy.

Subordinate Group

A group of individuals in society who have less power, status, or access to resources compared to the dominant groups.