Suppose an Ice Cream Store Offers 36 Flavors of Ice

question 64

Multiple Choice

Suppose an ice cream store offers 36 flavors of ice cream cones in sizes small, medium, and large. How many different selections of cones are possible if each cone has one flavor? ​

• A)42,840
• B)108
• C)46,656
• D)7,140
• E)1,296

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Definitions:

Break-Even

The point at which total costs equal total revenue, resulting in no net loss or gain for a business.

Shut Down

A short-term decision by a firm to cease production due to unfavorable market conditions, without permanently exiting the market.

Total Cost

A rephrased definition: The aggregate expenditure associated with the manufacture or delivery of products or services, encompassing variable, fixed, and any additional costs.

TVC

Total Variable Cost, the total of all costs that vary with the level of output.