Compute the corresponding demand and find the revenues, Ask an Expert

Management Studies

Demand = 456000-26500p; where p represents the average check amount. What would the impact to your profits be if your price structure is changed so that the average check value either increases or decreases from the proposed strategy? Try a range of average check values from $ 1 to $20, compute the corresponding demand, and find the revenues, costs, profits various prices. What is the best price to charge? What will the breakeven be at the optimal price structure?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M985629

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