Jerry sells ice cream at the local park. Every day, he needs to decide how many ice cream cones to bring with him. After some calculations, he found that to maximize his daily expected profit, he would need to bring 240 cones with him. This corresponds to a critical ratio of 0.85.
However, Jerry is also mindful that the local community depends on him for refreshments, so he wants to ensure a service level of at least 70%.
How many cones should he bring with him?

a) 240.
b) More than 240
c) Fewer than 240.
d) Cannot be determined.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Answer(d); /// in the absence of transaction costs,private parties can solve the problem of externalities on their own;

Answerno,because angela is discharged from performing the contract;