Assume That You Have Taken Over Management of a Small

question 123

Essay

Assume that you have taken over management of a small concession stand on a local beach for the summer.Your main product is iced water, popular on hot days.You've been selling 400 cups per day at 50 cents each.The cups cost 5 cents each.One of your customers suggests that you cut the price to 40 cents to make more money.For the customer to be correct, how much must your sales increase?

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Definitions:

Salivary Glands

Exocrine glands in the mouth that produce saliva, aiding in digestion and helping maintain oral health.

Gastric Lipase

An enzyme secreted by the stomach that plays a critical role in the digestion of dietary fats.

Stomach

A hollow organ in the gastrointestinal tract that secretes gastric juices aiding in the digestion and breaking down of food.

Coronary Ligament

Peritoneal reflection from the liver to the diaphragm at the margins of the bare area of the liver.