00- Principles of Economics 1| S1 21/22Time left CA bagel shop sells fresh-baked bagels from 5 a.m. until 7 p.m. every day. The shop does not sell day-old bagels, so a.unsold bagels are thrown away at 7 p.m. each day. The cost of making and selling a dozen bagels is $1.00; there arecosts associated with throwing bagels away. If the manager has 8 dozen bagels left at 6:30 p.m. on a particular day,which of the following alternatives is most attractive?O a.Throw the bagels away and produce 8 fewer dozen bagels tomorrow.O b. Starting tomorrow, lower the price on all bagels so they will all be sold earlier in the day.Lower the price of the remaining bagels, even if the price falls below $1.00 per dozen.O d. Lower the price of the remaining bagels, but under no circumstances should the price fall below $1.00 perdozen.Finish attempt

Here, in the given situation, a bagel shop does not sell any bagel after 7 p.m. and throw the…

Answered: Time left C A bagel shop sells…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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