Many years ago, a neighborhood lunch counter charged 15 cents for a cup of coffee and 15
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Many years ago, a neighborhood lunch counter charged 15 cents for a cup of coffee and 15 cents for a buttered hard roll. One day, a customer ordered the two items and was told that the total price was 35 cents. When the customer asked which of the two items had been raised by 5 cents, the owner’s condescending reply was, “Which do you think?” In your opinion, which of the two items was affected and why?
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Managerial Economics Economic Tools For Today's Decision Makers
ISBN: 9780131860155
7th Global Edition
Authors: Paul G Keat, Philip K Y Young
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