A retail flower shop in Metro Manila, called Floreau, sells arranged flowers. The shop can make beautiful arrangements that consists of 12 flowers for a cost of P1,800. The cost of materials of each bouquet is P2,500. and other materials cost P650. The shop has a

A retail flower shop in Metro Manila, called Floreau, sells arranged flowers. The shop can make beautiful arrangements that consists of 12 flowers for a cost of P1,800. The cost of materials of each bouquet is P2,500. and other materials cost P650. The shop has a

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.

Question

Please answer fast please arjent help please asap please

A retail flower shop in Metro Manila, called
Floreau, sells arranged flowers. The shop can
make beautiful arrangements that consists of
12 flowers for a cost of P1,800. The cost of
materials of each bouquet is P2,500. and
other materials cost P650. The shop has a
fixed cost of P69,000 including the rents and
miscellaneous. If a bouquet costs P69,000,
how many pieces of flowers must be sold to
break even?

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