Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

The owner of Genuine Subs, Inc. hopes to expand the present operation by adding one new outlet. She has studied three locations. Each would have the same labor and materials costs (food, serving containers, napkins, etc.) of $1.60 cents per sandwich. Sandwiches sell for $2.56 each in all locations. Rent and equipment costs would be $5,070 per month for location A, $5,580 per month for location B, and $5,710 per month for location C.

a) Calculate the total cost function for each location?

b) Plot the total cost functions on the same graph?

c) On the graph, identify the range of output for which each location has the least cost?

d) Which location would yield the greatest profits?

e) Determine the volume necessary at each location to realize a monthly profit of $9500.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M91982258
  • Price:- $25

Priced at Now at $25, Verified Solution

Have any Question?


Related Questions in Business Management

Mary kate is a project manager in the it department for a

Mary Kate is a project manager in the IT department for a university. She has been asked to manage a project to create faculty intranet. The university has multiple campuses in various locations, and professors and other ...

Suppose that a firm that produced buttons had a production

Suppose that a firm that produced buttons had a production function given by:  q= 4L 0.5 K 0.5 . The firm has  16  units of capital in the short run. Determine the amount of labor required to produce  64  units of output ...

Think about the most cohesive group that you have ever been

Think about the most cohesive group that you have ever been in. How does it compare to less cohesive groups in terms of similarity, stability, size, support, and satisfaction?

You are given the following cost functiontc80q--4q201q3a

You are given the following cost function: TC=80Q--4Q^2+0.1Q^3 a. Derive the average variable cost, average cost, and marginal cost equations. b. Over what range of output does economies of scale exist? Diseconomies of s ...

Identify three leadership traits from the trait theory you

Identify three leadership traits from the Trait Theory you feel you do or do not possess. You may identify three that you do possess, or three that you do not possess, or one you possess and two you do not possess, etc. ...

Business process analytics and change assignmentcase study

BUSINESS PROCESS ANALYTICS AND CHANGE ASSIGNMENT CASE STUDY - Crater Lakes Caravan and Camping Park Requirements - In this assignment, you will be required to form learns of approximately four (4) people. One team member ...

What is lean six sigma and what is used for in

What is Lean Six Sigma and what is used for in management?

What is the process of managing the implementation of a

What is the process of managing the implementation of a major upgrade to an acute care hospital's electronic health record system?

Subject marketingbased on article title what does the brand

Subject: Marketing Based on article title: What does the brand say? Effects of brand feedback to negative eWOM on brand trust and purchase intentions. Manu Bhandari & Shelly Rodgers (2018) What does the brand say? Effect ...

How does diversity affect social justicewhat adjustments

How does diversity affect Social justice? What adjustments need to be made to facilitate participation by people with a disability in a workplace?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As