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John's Pizza Sold $11,130 Worth of Pizza for One Week

question 71

Short Answer

John's Pizza sold $11,130 worth of pizza for one week. The same number of pizzas were sold each day. Each pizza sells for $6. How many pizzas were sold each day, assuming a seven-day work week.

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Definitions:

Cigarette Industry

A sector focused on the manufacturing, marketing, and distribution of cigarettes, often scrutinized for health concerns related to smoking.

Local Water Company

A company responsible for providing water supply and wastewater services to a specific local area or community.

Kinked Demand Curve

A market theory that suggests prices have a tendency to remain stable because competitors will match price decreases but not price increases.

Cutthroat Competition

An extremely competitive market situation where competitors use aggressive tactics to undercut each other's prices, leading to very low profit margins.

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