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It's now one year later. Your decision to stay open proved to be a good one-you had a loss last year, but it was not as much as you would have lost if you had shut down for the year. Your patience appears to have been rewarded. Trends in healthier eating are really taking hold. There have been marked increases in the number of people eating vegetarian and vegan meals, and there's also been an increase in people trying to cook with more diverse ingredients. Such trends have led to an increase in the market demand for gourmet mushrooms-shiitakes in particular. Demand has increased quite rapidly in the past year, so much so that the market price has risen to $24 per pound. Review your marginal cost graph below: Price (dollars per pound) 28 24 20 16 12 8 4 10 20 30 40 50 60 70 80 90 Quantity (thousands of pounds per year) MC Growing how many mushrooms will maximize your profit? Type number into the space provided below, and click Submit. It's now one year later. Your decision to stay open proved to be a good one-you had a loss last year, but it was not as much as you would have lost if you had shut down for the year. Your patience appears to have been rewarded. Trends in healthier eating are really taking hold. There have been marked increases in the number of people eating vegetarian and vegan meals, and there's also been an increase in people trying to cook with more diverse ingredients. Such trends have led to an increase in the market demand for gourmet mushrooms-shiitakes in particular. Demand has increased quite rapidly in the past year, so much so that the market price has risen to $24 per pound. Review your marginal cost graph below: Price (dollars per pound) 28 24 20 16 12 8 4 10 20 30 40 50 60 70 80 90 Quantity (thousands of pounds per year) MC Growing how many mushrooms will maximize your profit? Type number into the space provided below, and click Submit.
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Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
Posted Date:
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