Solved

Fran Runs a Doughnut Shop in a Tiny 3-Person Town

Question 10

Multiple Choice

Fran runs a doughnut shop in a tiny 3-person town.Fran's rational consumers have the following demand schedules:  Price  Art  Betty  Cal 10 cents 104625 cents 92535 cents 71550 cents 504\begin{array} { | l | l | l | l | } \hline \text { Price } & \text { Art } & \text { Betty } & \text { Cal } \\\hline 10 \text { cents } & 10 & 4 & 6 \\\hline 25 \text { cents } & 9 & 2 & 5 \\\hline 35 \text { cents } & 7 & 1 & 5 \\\hline 50 \text { cents } & 5 & 0 & 4 \\\hline\end{array}
Market demand for doughnuts when the price is 50 cents is


A) 31 doughnuts.
B) 20 doughnuts.
C) 9 doughnuts.
D) 13 doughnuts.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions