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Economics

Acres, whose grandmother gave her a family recipe for making pies, loved to cook, and she decided to staft a business she called Mrs. Acres Homemade Pies. The company produces specialty pies and sells them in local supermarl

(1) maintain current production levels and raise prices;

(2)expand the facility and staff while maintaining the current price; or

{3) contract the production of the pies to a national restaurant chain, giving Shelly a percentage of profits with minimal involvement.
Discussion questions:

1.- Explain and demonstrate the relationship between supply and demand for Mrs. Acres Homemade pies.

2. - What challenges does Shelly face as she considers the three options?

3. - What would you do in Shelly's position?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9496808

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