When the Price of a Glass of Lemonade at a Lemonade

question 73

Multiple Choice

When the price of a glass of lemonade at a lemonade stand was $1.75,400 glasses were sold.When the price was lowered to $1.50,500 glasses were sold.Assume that the demand function is linear and that the marginal and fixed costs are $0.10 and $ 25,respectively.Find the marginal profit when 300 glasses of lemonade are sold and when 700 glasses of lemonade are sold. ​

• A) ​ ,
• B) ​ ,
• C) ​ ,
• D) ​ ,
• E) ​​ ,

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Definitions:

Employment Opportunities

Refers to the availability of jobs and career prospects within an economy or specific sector.

Homosocial Reproduction

The tendency of people in positions of power to select or favor others who share similar backgrounds, interests, or characteristics, particularly in relation to gender.

Positions of Power

Roles or statuses within a society, organization, or group that grant individuals authority, influence, and the ability to make decisions that affect others' lives or operations.

Like Themselves

An inclination towards connecting with or favoring individuals who share similar traits, characteristics, or interests; related to the concept of homophily.