Problem 2 A local girls soccer team decides to sell chocolate bars to raise some money for new uniforms. The girls are to receive 10% of all the sales they make. Once the bars arrive the girls see that they have to sell each bar for $2.50. They think this price is too high. Are the girls being altruistic or is there something else going on? (Assume the girls face a downward sloping demand curve).

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Problem 2
A local girls soccer team decides to sell chocolate bars to raise some money for new uniforms. The girls
are to receive 10% of all the sales they make. Once the bars arrive the girls see that they have to sell each
bar for $2.50. They think this price is too high. Are the girls being altruistic or is there something else
going on? (Assume the girls face a downward sloping demand curve).
I
Transcribed Image Text:Problem 2 A local girls soccer team decides to sell chocolate bars to raise some money for new uniforms. The girls are to receive 10% of all the sales they make. Once the bars arrive the girls see that they have to sell each bar for $2.50. They think this price is too high. Are the girls being altruistic or is there something else going on? (Assume the girls face a downward sloping demand curve). I
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