A newly opened food chain estimates to serve 200 customers a day, with an aver consumption or basket size of P150. The establishment operates 25 days a month Fixed cost for operational expenses at P25,000 a month while labor and material cost is P120 per customer served. Determine if the establishment is profitable, ho much is the daily profit? How many customers per day must be served to break-even? Note: Put Final Answer in the yellow bor

A newly opened food chain estimates to serve 200 customers a day, with an aver consumption or basket size of P150. The establishment operates 25 days a month Fixed cost for operational expenses at P25,000 a month while labor and material cost is P120 per customer served. Determine if the establishment is profitable, ho much is the daily profit? How many customers per day must be served to break-even? Note: Put Final Answer in the yellow bor

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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