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Suppose early one Friday morning the economics club buys 200 donuts at 25 cents each, and plans to s

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8 years ago

Suppose early one Friday morning the economics club buys 200 donuts at 25 cents each, and plans to s

Suppose early one Friday morning the economics club buys 200 donuts at 25 cents each, and plans to sell all of them later in day on campus for 50 cents each. Only 60 donuts are sold at 50 cents, however, and by early afternoon the club is seen trying to unload the remaining donuts for 10 cents each. What is the correct price of one of donut?
A) 10 cents
B) 25 cents
C) 50 cents
D) Stated this way, the question is meaningless.

Textbook

The Economic Way of Thinking

Edition: 13^th

Authors: Heyne, Boettke, Prychitko

Read 669 times

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Sublight2097 Author

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8 years ago

Seriously, you've been tremendously helpful! Thank you.

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Smoooth

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8 years ago

No problemo Happy Dummy

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Clay T.

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3 years ago

Thanks

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klg2xt

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3 years ago

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Brycen M.

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3 years ago

thanks

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Andrew C.

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3 years ago

Thanks

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heart13683

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3 years ago

Thank you

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