Suppose you are a perfectly competitive cotton candy make are you are charging $5 per bag and you are selling 1,000 bags a month. If you lower the price by a nickel, what do you predict will happen to sales? They will go to zero They will not increase because it can sell as many units as it wants at$5 Will decline but not to zero Will increase since demand curves slope down
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose you are a perfectly competitive cotton candy make are you are charging $5 per bag and you are selling 1,000 bags a month. If you ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Heather wants to buy a new tent. she so far has saved $23 and her parents have told her that any remaining money she saves they will match. if the tent costs $156 how much money does she need to save? a $66.50 b $78 c $133 d $156
Answers (1)
Ginger quits her job as personal secretary to the Vice President of HR Technologies because she cannot handle the stress. It takes her three weeks to find a job as a receptionist at Mariam Hotels and Resorts.
Answers (1)
Lyn files a suit against karl. karl denies lyn charges and sets forth his own claim that lyn breached their contract and owes karl money for the breach. karl's claim is
Answers (1)
A 3-year insurance policy costing $1,164 is taken out november 1, 1995. the property was sold on may 15, 1996, and the day of closing belongs to the buyer.
Answers (1)
If an estimator is unbiased, then; A. the estimator is usually close to the true value. B. the mean of the estimator is equal to the true value. C. the mean of the estimator is usually close to the true value. D.
Answers (1)
New Questions in Business
In which year were tobacco commercials banned from network television in the united states?
No Answers
Maggie's manager notices that she exhibits an external locus of control when she speaks about her work. Her manager should Group of answer choices a. direct Maggie toward a job with more autonomy. b.
Answers (1)
Consider this argument: "The kidnappers have taken eight people hostage and are holding them at a farmhouse just outside town. If the SWAT team assaults the farmhouse, the hostages could be killed.
Answers (1)
Rent seeking is an attempt to A. use the government for individual benefit at the expense of others. Regulatory capture is an example of this, where a regulatory agency makes decisions benefiting the firm being regulated. B.
Answers (1)
An Insurance company is a business in which it pays to the company if there is a loss, damage, treatments or injury for the payment of premium amount. It calculates the risks that has occurred and pays to compensate the premium amount.
Answers (1)