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Connie's is one of many ice cream stands in town.Connie's costs are shown in the table below : Quantity (cones per day) Total Cost (dollars

  1. Connie's is one of many ice cream stands in town.Connie's costs are shown in the table below :

Quantity (cones per day) Total Cost (dollars per day)
0 100
100 250
200 350
300 500
400 700
500 950
600 1,250

a. If the market price of ice cream is $1.75 per cone, what is Connie's profit-maximizing quantity of ice cream sold ?

b. If the market price of ice cream is increased to $2.25, and finally $2.75 per cone subsequently, what will be Connie's profit-maximizing quantities of ice cream sold ?

c. Is it possible to determine Connie's supply curve ? Discuss.

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