Baby blanket factory

Following the footsteps of my little sister, I decided to try to sell hand knit items on Etsy.  My first Etsy projects will be baby blankets!!  So here's what I've been working on; 

This first one is made out of Effervesce by Yarn Bee in Creme de Menthe,  and the pattern is Sweet Pea Baby Blanket.  It was super easy and quick to knit up.  I never got board, which was surprising, because this blanket turned out so long. 

The seconded one is made out of Heartland by Lion brand in Grand Canyon.  The pattern is called Pine Forest Baby Blanket.  I really liked this one, the yarn worked perfect to show the lace pattern.  The neutral color is perfect for a boy or a girl.  So neutral in fact that it can be used as a throw or lap blanket when the baby grows up.

The third blanket is the famous (at least in the knitting world), Hemlock Ring Blanket.  I'm working this one out of Lion Brand pound of love, in white.  I'll talk about this one more in another post, once I have some more pictures. 

Now I'm having a hard time figuring out what to charge for them.  I'd like to get my money back on the yarn that I used as well as the time it took to make the blanket.  But, if I pay myself minimum wage for the hourly rate to knit up the blankets, each one would be REALLY EXPENSIVE.  So I'm worried that no one would buy them.  But I don't want to undercharge myself for the work that I put into them because that makes other fiber artists look expensive when they are not undervaluing their own work.  So I'm dealing with a moral dilemma.  If you have any tips on this or an opinion please share with me.