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Pete wants to write a business plan for Pete's PB&J Cupcake Cart. He needs to identify all expenses associated with making a peanut butter and jelly cupcake for a Economics of One Unit. What is the most accurate way of determining his expenses?

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 Estimate the cost to buy all of the ingredients at the store, and divide that by an estimate of how many cupcakes he can make with that.Go through the detailed process of making the cupcake step by step, measuring the ingredients he uses and calculating the cost per ingredient.Go online and find a competitor's expenses.None of the aboveMain Menu