Saturday
March 28, 2015

Homework Help: MATH

Posted by Jessica on Tuesday, August 14, 2012 at 1:31am.

As an entrepreneur, there are going to be many decisions that you need to make, such as the price to charge your customers for your goods and services. You have just graduated from college and recently opened a specialty pizza restaurant. Based on surveys conducted in your area, you determine that it is feasible to sell your specialty pizzas for $15. The cost for making the pizzas includes a fixed cost of $55 and a labor cost of $4 per pizza.

a. Establish an equation to determine revenue.
b. Establish an equation to determine total cost.
c. How many pizzas must be sold to break even (i.e., you experience neither a profit nor a loss)? Interpret your result.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

algebra - Break-Even Analysis: A Look at Profit and Loss: As an entrepreneur, ...
math - As an entrepreneur, there are going to be many decisions that you need ...
algebra for business - As an entrepreneur, there are going to be many decisions...
Algebra - Task Type: Individual Project Deliverable Length: 3 Parts: See ...
Social Studies - Which phrase best defines "consumer?" a. someone who makes ...
SS - A producer's primary job is: a) making goods and providing services. b) ...
Economics - I learned that price level is the weighted average of prices of all ...
goods and services - Explain the major difference between goods and services. ...
Economics - A reliable 15-year-old babysitter can be a price maker within her ...
Social Studies - What is one benefit of trade? Prices go up for luxury goods ...

Members