Question

Assume that the Candyland economy produced approximately 150 candy bars, 80 bags of caramels, and 30 solid chocolate bunnies. If the average price of candy bars is $3, the average price of caramel bags is $2, and the average price of chocolate bunnies is $10, the market value of chocolate bunnies is $: Please choose the correct answer from the following choices, and then select the submit answer button. a. 300. b. 160. c. 450. d. 910.

Answer 1

Answer:

A. 300

Explanation:

Market value is simply the market capitalization of a publicly traded company. Formula for calculating,

Market Value = no. of produced goods × average price.

Given that

No. of chocolate solid bunnies produced = 30

Average price of chocolate solid bunnies = $10

Therefore,

Market value = 30 × 10

= $300.