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Jody's Bakery Makes Cakes and Would Be Willing to Sell

Question 3

Multiple Choice

Jody's bakery makes cakes and would be willing to sell each cake for $12.50.If Jody's bakery sells 10 cakes for $13 each,the total producer surplus for Jody's bakery would be equal to:


A) $5.00.
B) $12.50.
C) $125.
D) $130.

Correct Answer:

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