Imagine that you have decided to open a small ice cream stand on campus called "Ice-Campusades." You are very excited because you love ice cream (delicious!) and this is a fun way for you to apply your business and economics skills! Here is the first month's scenario--you order the same number (and the same variety) of ice creams each day from the ice cream suppliers, and your ice creams are always marked at $1.50 each. However, you notice that there are days when ice creams remain unsold but other days when there are not enough ice creams for the number of customers.
Use your knowledge of the factors that cause shifts in demand, and in a multi-paragraph essay, provide at least three reasons why ice cream sales fluctuate in this manner. (Apply only the factors you think are applicable to explaining this scenario.) Now assume that a month later, the school allows a competing student the right to sell ice creams on school property. (The number of students on campus remains largely unchanged.) What do you think will happen to the price of ice cream at your campus? Explain in detail.
Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience. Organize your response in a clear and logical manner as appropriate for the genre of writing. Use well-structured sentences, audience-appropriate language, and correct conventions of standard American English.
The New City Subway has 40,000 passengers every day. However, they are fairly price sensitive. If the current price of $ 2 were to increase to $ 2.50, it is likely that t...May 03 2020
resources refer to the capital used by an organization to fund both ongoing and long-term operations. O a. Physical b. Information c. Financial d. Human Submit NextAug 28 2020
In break-even analysis, when the break-even point is reached _______ is (are) zero. a. profits b. demand c. supply d. the contribution per unit e. costsMay 10 2021
Figure P5.86 gives the schematic of a vapor power plant in which water steadily circulates through the four components shown. The water flows through theboiler and conden...Jun 04 2020
Evaluate double integral over the circle x^2+y^2 =a^2 in the I quadrant of xy/(x^2+y^2)^(1/2) dxdy >Aug 04 2020
Is every financial asset also a financial security? Is itpossible that what a saver would consider a financial asset, aborrower would consider a financial liability?Dec 04 2019
write a method called switchThem that accepts two integer arrays as parameters and switches the contents of the arrays. >Apr 18 2020
FunTime Company produces three lines of greeting cards: scented, musical, and regular. Segmented income statements for the past year are as follows: Kathy Bunker, presi...Jun 25 2020
Assume Earl Coffee Roasters Corporation ended the month of August 2016 with these data: Requirement Prepare the statement of cash flows of Earl Coffee Roasters Corporatio...May 24 2020
If f1(x,y) and f2(x,y) are homogeneous and of order `n` then the function f3(x,y) = f1(x,y) + f2(x,y) satisfies euler’s theorem. a) True b) False >Aug 02 2020