Recent content by Econ Magic

Among the students in economics class, the demand (marginal value) for ice cream is represented by p = 100 – q. Teacher has 40 scoops to distribute and wants to sell the ice cream at sixty cents per scoop. The dean thinks he should just give each student two scoops, claiming that some honors...

Among the students in economics class, the demand (marginal value) for ice cream is represented by p = 100 – q. Teacher has 40 scoops to distribute and wants to sell the ice cream at sixty cents per scoop. The dean thinks he should just give each student two scoops, claiming that some honors...