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The Blue House sells ice cream cones in a variety of flavours. Data for a recent week appear here: Revenue (1,100 cones at $1.63 each)
The Blue House sells ice cream cones in a variety of flavours. Data for a recent week appear here: Revenue (1,100 cones at $1.63 each) $1,793 Cost of ingredients 583 Rent 363 Store attendant 770 Income $ 77 The Blue House's manager received a call from a university student club, requesting a bid on 100 cones to be picked up in three days. The cones could be produced in advance by the store attendant during slack periods and then stored in the freezer. Each cone requires a special plastic cover that costs $0.05. What quantitative information is relevant for this decision? Cost of ingredients Rent Store attendant Special plastic cover Using the general decision rule, what is the minimum acceptable price per cone for this special order? (Round entry to 2 decimal places, e.g. 15.25.) Price
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