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Author Question: The Cakery Bakery sells 200 muffins at a price of $2 per muffin. Its explicit costs for producing ... (Read 69 times)

JGIBBSON

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Question 1

The Cakery Bakery sells 200 muffins at a price of $2 per muffin. Its explicit costs for producing 200 muffins are $350. If the bakery is earning a normal rate of return, then its implicit costs must be


◦ $0.
◦ $50.
◦ $350.
◦ $400.

Question 2

The Cakery Bakery sells 200 muffins at a price of $2 per muffin. Its explicit costs for producing 200 muffins are $350. If the bakery is earning a normal rate of return, then its implicit costs must be


◦ $0.
◦ $50.
◦ $350.
◦ $400.


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Marked as best answer by JGIBBSON on Apr 19, 2019

Toya9913

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JGIBBSON

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review


DylanD1323

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Reply 3 on: Yesterday
Excellent

 

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