November 29, 2015

Homework Help: Informal Logic

Posted by Donna on Saturday, April 27, 2013 at 11:07am.

<11{7[2(03)79]}> 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 Johannís lack of business sense, for now heíll almost certainly sell fewer cups at the new price and therefore make less money than before.
The argument above assumes that (Points : 1)
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, heíll still lose money on the lemonade stand

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