The Sweet Success Bakery sells 800 cakes at a price of $20 per cake. Its total economic costs for producing 800 cakes are $4,800. The Sweet Success Bakery's economic profits are

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Economic profit is calculated as total revenue minus total economic costs. Total revenue from selling 800 cakes at $20 each is $16,000 (800 cakes * $20/cake). The total economic costs are $4,800. Therefore, the economic profit is $16,000 - $4,800 = $11,200.

The Sweet Success Bakery Sells 800 Cakes at a Price