Homework Help: psy

Posted by jrhargr on Sunday, September 26, 2010 at 4:50pm.

Looking to increase the profits of his lemonade stand, Johann doubled the price of a cup of lemonade from 25 cents to 50 cents. This clearly shows Johann’s lack of business sense, for now he’ll almost certainly sell fewer cups at the new price and therefore make less money than before.

psy - Ms. Sue, Sunday, September 26, 2010 at 4:55pm
What is your question?
psy - Anonymous, Thursday, February 10, 2011 at 10:21pm
Question are:

-Johann is looking to double the profits of his lemonade stand

-the price increase will likely put Johann out of business

-profits from the price increase will not offset the money lost when fewer cups are sold

-even if Johann sells more cups at the new price than he did at the old price, he’ll still lose money on the lemonade stand

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