Final answer:
The cost per pint of raspberries is $4.00, arrived by dividing the total cost of $12 by the 3 pints. This demonstrates an increase in price from previous years, influenced by market factors.
Step-by-step explanation:
To determine the cost per pint for raspberries, divide the total cost by the number of pints. If 3 pints of raspberries cost $12, then the cost per pint is calculated as follows:
- Total cost: $12
- Number of pints: 3
- Cost per pint: $12 ÷ 3 pints
So, the cost per pint of raspberries is $4.00. This means for every pint of raspberries you pick at the farm, you would pay $4.00.
Comparing this with the information provided that in the year 2001, 1 pint of raspberries cost $2, we can observe that the price has increased. The cost of raspberries can vary over time due to several factors such as inflation, changes in market demand and supply, and cost of production.
For example, if the price of frozen raspberries doubles to $8 per pack, it represents a significant increase and this affects the sales and total revenue at the raspberry farm as well as the equilibrium price, which is the price where the amount supplied equals the amount demanded.