Scenario 16-1 Venya Operates an Ice Cream Shop in the Center of Center

question 39

Multiple Choice

Scenario 16-1
Venya operates an ice cream shop in the center of Fairfield. He sells several unusual flavors of organic, homemade ice cream so he has a monopoly over his own ice cream, though he competes with many other firms selling ice cream in Fairfield for the same customers. Venya's demand and cost values for sales per day are given in the following table. (Everyone who purchases Venya's ice cream buys a double scoop cone because it's so delicious.)
​
​
​
-Refer to Scenario 16-1. What price should Venya charge per double scoop ice cream cone to maximize his profit?

• A)$1.80
• B)$3.80
• C)$3.00
• D)$4.20

---

Definitions:

Contributory Negligence

A legal defense where the plaintiff's own negligence played a role in the harm they suffered, potentially reducing the defendant's liability.

Limited Liability Partnerships

A form of partnership in which some or all partners have limited liabilities, protecting individual partners' personal assets from business debts and liabilities.

Professionals

Individuals who have specific qualifications and expertise in a particular field or industry, often bound by certain ethical standards.

Partnership Agreement

A contract between partners in a business that outlines the terms of the partnership, including roles, responsibilities, and profit sharing.