Lickety Split sells ice cream cones in a variety of flavors. Data for a recent week appear

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Lickety Split sells ice cream cones in a variety of flavors. Data for a recent week appear here:

Lickety Split sells ice cream cones in a variety of

The manager estimates that if she were to increase the price of cones from $1.75 to $1.93 each, weekly volume would be cut to 850 cones due to competition from other nearby ice cream shops.

REQUIRED
Estimate the profit-maximizing price percone.

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Related Book For  book-img-for-question

Cost Management Measuring Monitoring And Motivating Performance

ISBN: 392

2nd Edition

Authors: Leslie G. Eldenburg, Susan K. Wolcott

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