This Graph Shows One Consumer's Demand for Ice Cream at the Student

question 87

Multiple Choice

This graph shows one consumer's demand for ice cream at the student union:
During the summer,there are only 300 ice cream consuming students on campus,each with demand as shown above.At $2.00 per scoop,those 300 students purchase ____ scoops of ice cream per week.

• A) 1,200
• B) 1,500
• C) 1,800
• D) 3,000

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Definitions:

Synchronization of Cash Flows

The strategic timing of income and expense cash flows to ensure liquidity and optimize financial performance.

Cash Management

The strategy for managing a company's or an individual's financial operations, such as collecting, investing, and managing cash and liquid assets.

Outsourcing

The practice of purchasing components rather than making them in-house.

Intermediate Components

Components or parts used in the production process that are not final products but are incorporated into other goods.