A concession stand currently only has two food items on its menu: hot dogs and...
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A concession stand currently only has two food items on its menu: hot dogs and pretzels. The concession stand is thinking of investing in a popcorn machine. Currently, the concession stand sells 100 hotdogs at $3.25 and 200 pretzels at $2.00 every week. Analysis shows that if they add popcorn to their menu, they should be able to sell 100 bags at $1.50 each. However, this will decrease the sales of hotdogs by 25 a week and they will have to lower the price of the pretzels to $1.75 to maintain the current level of pretzel sales. What is the weekly cash flow that you should use to determine if adding popcorn to the menu is profitable?
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You can see the logs in the Dashboard.