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Albert and his family sell ice cream cones outside the stadium during local football matches. Local foothall matches take place every day because they are
Albert and his family sell ice cream cones outside the stadium during local football matches. Local foothall matches take place every day because they are the main form of entertainment in the town. Albert knows that demand for ice cream cones will depend on whom the local team is playing against. Albert has a large amount of ice cream cones stored at home, and whatever does not get sold one day, will be stored for the next day. Based on the expected demand, Albert determines how many portable freezers will be needed for that day and rents the appropriate number of portable freezers from a local supplier (the only local supplier of portable freezers in town). The local supplier of portable freezers is an avid football fan and therefore opens the store only for a few hours early in the morning before the game. Once Albert has rented the portable freezers, the store closes until the next day. Which of the following statements are correct about Albert's business? Choose one or more: [ A. Thelongrunis never less than 1 year. [ B. For Albert's business, the number of ice cream cones is always a variable factor and the number of portable freezers is always a fixed factor. [ C. Before deciding how many portable freezers to rent, as long as the supply store is still open, Albert is facing a long-run decision. [ D. Specifically for this problem, the long run could be described as roughly 24 hours. O m . Once Albert has rented the portable freezers and the supplier has closed the store, Albert is facing a long-run decision
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