Suppose that the manager of a donut shop tells you that he sold 220 donuts today, for

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Suppose that the manager of a donut shop tells you that he sold 220 donuts today, for a total revenue of $220 and average revenue of $0.90. What’s wrong with this story?

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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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Question Posted: Nov 27, 2015 02:20 AM

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Suppose that the manager of a donut shop tells you that he sold 220 donuts today, for

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To conclude I can say that Average rev...View the full answer

Microeconomics

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