Fcon Mentor That is correct! Kim Wow, Day Two was great for me!I increased my...
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Economics
Fcon Mentor That is correct! Kim Wow, Day Two was great for me!I increased my number of lunches to 60 and earned $540 -- $40 morethan if I had made 50 lunches! Samuel Kim, I just came fromFrancis's food truck. He is pretty upset! He said that when youmade more lunches the price he could charge for his lunches fellto
$10
. Kim Ouch, that's right. If I produce more and charge less,this affects Francis's profits. Samuel Yes, that is what Franciswas so upset about. What happened to Francis's profits when youincreased your number of lunches? Francis's profits fell by
$100
-- they went from
$500
to
$400
. Francis's profits fell by
$50
... they went from
$500
to
$450
. Submit
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