At Emily's bagel shop, the cost to make a homemade bagel is $3 per bagel. As a result of selling three bagels, Emily experienced a producer surplus of $19.50. Emily must be selling her bagels for 1. $6.50 each 2. $7.50 each 3. $9.50 each 4. $10.50 each

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter30: Market Failure: Externalities, Public Goods, And Asymmetric Information
Section30.2: Internalizing Externalities
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At Emily's bagel shop, the cost to make a
homemade bagel is $3 per bagel. As a result of
selling three bagels, Emily experienced a
producer surplus of $19.50. Emily must be
selling her bagels for
1. $6.50 each
2. $7.50 each
3. $9.50 each
4. $10.50 each
Transcribed Image Text:At Emily's bagel shop, the cost to make a homemade bagel is $3 per bagel. As a result of selling three bagels, Emily experienced a producer surplus of $19.50. Emily must be selling her bagels for 1. $6.50 each 2. $7.50 each 3. $9.50 each 4. $10.50 each
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