Business, 03.05.2021 15:40, Rayanecrazt3671

In 2017, three shops were selling ice cream cones for a price of $4 each in a small tourist town in Florida. Each shop sold 100 ice cream cones; thus, all shops together sold a total of 300 ice cream cones. In 2018, five shops were selling ice cream cones for a price of $3 each. Each shop sold 70 ice cream cones; thus, all shops together sold a total of 350 ice cream cones. For the sake of simplicity, assume marginal cost is $0 for all firms and thus total revenue is equal to total profit. Which effect best describes the likely decrease in profits experienced by each of the three original firms due only to the lower market price

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 22:00, meramera50

Only the united states has embassies. true or false

Answers: 2

continue

Business, 23.06.2019 01:30, danielweldon1234

Young owners of a sole proprietorship will likely not find financial support available from?

Answers: 2

continue

Business, 23.06.2019 12:40, BlehBlehBlehBleh

Intoxicated and not aware of the consequences, umberto agrees to a two-year cell-phone service contract with wander talk, inc., at more than the average market price. this contract is not enforceable because the contract clearly favors wander talk. not enforceable because umberto was intoxicated enough to lack mental capacity when he agreed to it. not enforceable because contracting parties can change their minds. enforceable.

Answers: 3

continue

Business, 23.06.2019 13:40, Yvette538

Nicholas makes $2,000 per month. he spends $300 on credit card payments and $350 on an auto loan. what is his debt-to-income ratio? 17.5 percent 22 percent 2.7 percent 32.5 percent

Answers: 1

continue

Do you know the correct answer?

In 2017, three shops were selling ice cream cones for a price of $4 each in a small tourist town in...