What will occur if new doctor comes to town and tells

Reference no: EM13393118

After the great success making pies with Johnny Depp in Sweeney Todd, your friend Helen B. Carter has opened a bakery. She has done some market research and finds that your neighbors value cheesecakes according to the following schedule

Cheesecake	Marginal utility
1	$30.00
2	$27.00
3	$24.30
4	$21.87
5	$19.68
6	$17.71
7	$15.94
8	$14.35

a. Using a spreadsheet, graph the community's demand curve for cheesecakes. Does the demand curve have a positive or negative slope? Why?

b. How many cheesecakes will she sell at $17.71? How many at $24.30?

c. What will happen if a new doctor comes to town and tells everyonethat cheesecake is good for you? What will happen if she changes her recipe and her cheesecakesno longer taste as good?

Reference no: EM13393118

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