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

question 254

Multiple Choice

At Nick's Bakery,the cost to make homemade chocolate cake is $3 per cake.As a result of selling three cakes,Nick experiences a producer surplus in the amount of $19.50.Nick must be selling his cakes for

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

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Definitions:

Crowdsourcing

The practice of obtaining input or information from a large number of people, typically via the Internet, to solve problems, gather information, or generate new ideas.

Social Media

Websites and applications that enable users to create and share content or to participate in social networking.

Crowdsourcing

The process of gathering ideas, information, or content by requesting contributions from a broad audience, usually through the internet.

Analytics

The systematic analysis of data or statistics, often using advanced methods to extract insights for decision-making or optimization.