Entrepreneur took a one-month leave of absence

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Q. In the aftermath of a hurricane, an entrepreneur took a one-month leave of absence (without pay) from her $4,000 every month job to facilitate operates a kiosk that sold fresh drinking water. During the month she operated this venture the entrepreneur paid the government $2,000 in kiosk rent also purchased water from a local wholesaler at a price of $1.23 every gallon. Write an equation that summarized the cost function for her operation, as well as equations that summarize the marginal, average variable, average fixed also average total costs of selling fresh drinking water at the kiosk. If consumers were willing to pay $2.00 to purchase each gallon of fresh drinking water, Elucidate how many units did she have to sell To facilitate turn a profit? Explain carefully.

Reference no: EM1322715

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