Suppose an Ice Cream Store Offers 34 Flavors of Ice

question 48

Multiple Choice

Suppose an ice cream store offers 34 flavors of ice cream cones in sizes small, medium, and large. If four toppings are available to put on a cone, and a cone can be bought without a topping, how many different selections of ice cream are available if each cone has one flavor and one or no toppings? ​

• A)136,306,272
• B)1,156
• C)196,520
• D)5,780
• E)39,304

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Definitions:

MC

A term often short for Marginal Cost, which is the cost added by producing one additional unit of a product or service.

MR

Short for Marginal Revenue, which is the additional income earned by selling one more unit of a product or service.

ATC

Average Total Cost, which is the total cost of production (fixed plus variable costs) divided by the quantity of output produced.

ATC

Average Total Cost, which is the total cost of production divided by the quantity of output produced.