Establish an equation to determine revenue

Reference no: EM13198723

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.

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

Reference no: EM13198723

Questions Cloud

Consider a beam of length l : Consider a beam of length L and a fulcrum a length x away from one end. There are weights, W1 and W2, placed on opposite ends of the beam. Find x so that the system is in equilibrium.

Human resource manager-healthcare organization : What are some of the challenges that a Human Resource Manager may face in healthcare organization? Select 2 areas from the list below and elaborate:

What was the concentration in the punch that jill added : If the concentration of juice in the bottle is now reduced to 48%, what was the concentration in the punch that Jill added?

Examine the ethical and deviant behaviors in policing : Write a 700- to 1,050-word paper in which you analyze the ethical and deviant behaviors in policing. Complete the following in your paper:

Establish an equation to determine revenue : Establish an equation to determine revenue.

What is heat tamers breakeven sales volume : Heat Tamers, Inc., of Bend, Oregon produces special heat-resistant boots used primarily by firefighters, smoke-jumpers and steelworkers. It is contemplating an expansion into the heat resistant leather market charging a price of $150 per pair of b..

What is the size of the sample : A researcher studies the average distance that 130 people who are living in U.S. urban areas walk each week. What is the size of the sample? Identify the population.

Compared to a non-health care organization : Compared to a non-health care organization, a manager must have a special skill set for communicating with health professionals and non professionals within a health care organization.

How many points are there that satisfy these constraints : graph the two constraints associated with the amount of labor and material that Ryan has available next week. Using your graph, find the set of points that satisfy both constraints: 2X + 1Y

User Account

All Pages