The concept of revenue is key to this problem. The restaurant chain should charge $10.75 per burrito to maximize their daily revenue, according to a mathematical model that factors in price increases and quantity sold.
Explanation:To solve this problem, we first need to understand the concept of revenue, which is simply price times quantity.
Initially, the price is $8.00 and the quantity is 220,000. So, the initial revenue is $8.00 × 220,000 = $1,760,000.
For each $0.50 increase in price, the quantity decreases by 10,000. This leads to a new revenue equation with every $0.50 increment.
However, this will not go on indefinitely. Revenue increases as long as the increased price outweighs the lost quantity. It will reach a peak and then start to decrease. This is where we determine the optimal price.
To find the maximum revenue, we can set up an equation for revenue as a function of the number of $0.50 increments (x). R(x) = (8 + 0.50x)(220000 - 10000x), where R(x) is revenue.
This is a quadratic function in terms of x, and its maximum value occurs at the vertex. For any quadratic function in the form ax^² + bx + c, the x-coordinate of the vertex is given by -b/2a. In this case, a = -10000 and b = 110000.
The optimal price, therefore, is $8.00 + 0.50 × (-110000/-20000) = $8.00 + $2.75 = $10.75. Thus, the restaurant chain should charge $10.75 per burrito to maximize its daily revenue.
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Who is responsible for the overall management of a security detachment or department?
Can occur when the price leadership model breaks down
Answer:
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Explanation:
Expensive high quality late harvest auslese, beerenauslese and trockenbeerenauslese wine is made from grapes which are typically:
Charlene, a top manager, is developing a long-range plan for her company's future. the plans are broad, encompass all the departments of the company, and are closely related to the mission and vision statements of the organization. charlene's plans are most likely to be _____ plans.
Charlene is likely working on strategic plans, as they fit the description of being broad, encompass all departments, and align with the company's mission and vision.
Explanation:Charlene, a top manager, is developing plans that are broad in scope, encompass all departments, and align with the company's core mission and vision. These characteristics suggest that Charlene is working on strategic plans. Strategic planning involves setting long-term objectives and determining the resources and actions required to achieve the company's vision. As a new employee, understanding where you fit in the organization's chart helps to know your immediate supervisor, who is crucial for guidance and approvals as you integrate and maximize your first year on the job. It is also important to set specific and measurable goals for different stages of your tenure, such as at the 3, 6, 9, and 12-month benchmarks, and adapt these as necessary. Alongside technical skills, fostering teamwork and collaboration is vital for success in the workplace and is a key part of strategic success.
Jill’s company pays $5000 a year for her health care costs. This is an example of a ______. a. commission b. compensation c. payment d. benefit -
The correct answer was benefit.
Jill's health care payment by her company is an example of the benefit that she enjoys as an employee of that company.
What are employee benefits in a company?Employee benefits are part of the remuneration and perks offered to an employee apart from the salary paid. Most remote jobs and industrial organization offers employee benefit.
The purpose of an employee benefit is to show that the organization cares about the overall well-being of the employees at their organization.
Therefore, we can conclude that Jill's health care payment by her company is an example of the benefit that she enjoys as an employee of that company.
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Answer:
D. Benefit
Explanation:
Due to changes in technology, a recent trend is for product or service producers to cut out intermediaries and go directly to final buyers. this is one form of __________.
Why are you applying for a job with Luby's Fuddruckers? What should I say ??
Express enthusiasm for Luby's Fuddruckers by highlighting its reputation for quality and service, demonstrating relevant work experience, underscoring your reliability and ability to handle pressure, and showing your eagerness to learn and improve.
When applying for a job with Luby's Fuddruckers, it is important to express your motivation and enthusiasm for the role. You can mention how you are drawn to the company's reputation for delivering high-quality food and exceptional customer service. Highlighting your past work experience, especially if it includes the food service or retail industry, can bolster your application, as it shows you have the relevant skills and understanding of the demands of such jobs. Additionally, point out your reliability and your ability to handle pressure, as these are prized traits in fast-paced environments like restaurants. Emphasize your eagerness to learn and improve, which can make you an attractive candidate to prospective employers.
The office of management and budget is one of the most powerful agencies in washington because it __________.
A company that sells personal care products sends a trained observer to watch potential buyers in their natural environments. this is an example of ________ research.
A firm pays its accountant an annual retainer of $10 000. is this an economic cost
Which method of international expansion causes the least amount of risk? multiple choice joint venture licensing wholly owned subsidiary franchising exporting?
Firms are likely to prefer selective distribution when intermediaries
Non-seasonal products, like laundry detergents or toiletries, are likely to use a ________ pattern of advertising. indirect pulsing continuity flighting direct
Non-seasonal products are likely to use a continuity pattern of advertising to maintain consistent brand awareness and availability for consumers throughout the year.
Non-seasonal products, like laundry detergents or toiletries, are likely to use a continuity pattern of advertising. Continuity advertising involves a consistent and continuous schedule of advertising over a period of time, which is ideal for products that are used throughout the year and whose demand does not fluctuate seasonally. Instead of having high peaks of advertising efforts during specific times (flighting) or varying between no advertising and intense advertising (pulsing), non-seasonal items benefit from maintaining a steady presence in the minds of consumers.
The goal of continuity advertising is to maintain brand awareness and keep the product top-of-mind for consumers whenever they are in need of it. This pattern is different from direct-response advertising, which seeks immediate sales through a call-to-action (e.g., infomercials or print ads with coupons). It is also distinct from the serialization principle, which involves the frequent repetition of a small element to evoke infinite repeatability, often seen in the pictorial form of modern advertising.
A typical white cotton t-shirt provides how much spf?
Tier 1 enterprise resource planning vendors such as sap and oracle are more appealing to large firms due to ________.
Sara lee corporation manufactures desserts, breads, pantyhose, meats, and a variety of other products. these products make up sara lee's product:
The correct answer is b. mix. Sara Lee Corporation's range of products including desserts, breads and meats forms its product mix. A product mix includes all the product lines and items a company offers. The width of Sara Lee’s product mix refers to their numerous different product lines.
Sara Lee Corporation manufactures a wide range of products including desserts, breads, meats and more. These diverse products collectively make up Sara Lee's product mix. A product mix includes all the product lines and items that a company offers. For example, Sara Lee’s product mix includes items from different categories such as baked goods, processed meats, and frozen desserts.
The width of a company’s product mix refers to the number of different product lines the company offers. Sara Lee’s diverse product portfolio illustrates a wide product mix, covering various categories and thus addressing different customer needs.
The complete question is:
Sara Lee Corporation manufactures desserts, breads, meats, and a variety of other products. These products make up Sara Lee's product
line.width.depth.mix.item.The default template places the formula results aligned to the ____ of a cell
The default template places the formula results aligned to the right side of a cell. The default layout contains the default organizing data for new content reports. On the off chance that you need, you can make another layout and utilize it as the default format.
A video game that usually costs $50 is on sale for $32.50. what percent of the regular price is the discount?
discount + selling price ($32.5) = $50, this implies that the discount is $50 - $32.5 = 17.5
therefore the discount percent: $50 = 100%
$17.5 = ?
$17.5 x 100/$50
35%
The percent of the regular price is the discount is 35%.
What is sale?Sales are activities related to selling or the number of goods sold in a given targeted time period. The delivery of a service for a cost is also considered a sale.
The seller, or the provider of the goods or services, completes a sale in response to an acquisition, appropriation, requisition, or a direct interaction with the buyer at the point of sale.
There is a passing of title of the item, and the settlement of a price, in which agreement is reached on a price for which transfer of ownership of the item will occur.
The amount of discount is calculated as follows:-
Discount+ selling price = Total Cost
Discount + $32.50 = $50
Discount = $50 - $32.5
= 17.5
So, The discount percentage is computed as,
Discount Percentage = $17.5 x 100/$50
= 35%
Therefore, it can be concluded that percent of the regular price is the discount is 35%.
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Mary works 39 hours a week and gets paid $9.25 per hour. she receives a raise, and now gets paid $390 per week. by how much did her weekly pay increase?
Mary weekly pay increased by $29.25 she worked 39 hours in a week. So, mary was raised by the $390 as per week.
What is weekly pay?Weekly pay refers to that amount where employees receive their wages each week of the month.
Weekly Salary may not be include commissions, bonuses, incentive compensation, benefits paid under any qualified plan, any group medical or other welfare benefit plan, non-cash compensation or any other additional compensation.
The weekly rate of that amount which is pay for the services paid by the Employer to the participant at the time.
However,
Per hour = $9.25
Total hours = 39 × $9.25 = $360.75
Per week = $390
So, $390 - $360.75 = $29.25
Therefore, Mary gets weekly pay increased by $29.25
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Final answer:
Mary's weekly pay increased by $29.25 after receiving a raise, calculated by subtracting her initial weekly earnings from her new weekly pay.
Explanation:
Mary initially works for 39 hours a week at a rate of $9.25 per hour, thus her weekly earnings can be calculated by multiplying the number of hours worked by her hourly wage, which totals to $360.75 (39 hours × $9.25 per hour). After receiving a raise, her new weekly pay is $390. To find the increase in her weekly pay, we subtract her initial weekly earnings from her new weekly earnings, which results in a pay increase of $29.25 per week ($390 - $360.75).
What happens when companies extend their horizons and identify opportunities outside existing product lines?
Joshua pays a higher concert ticket price than raffi because joshua buys his ticket on the day of the concert. this is an example of _____.
Price discrimination
A generic brand of pre-packaged foods would best be marketed to which target market?
Answer:
College students on a budget
Explanation:
Yw btw:)
An advertiser wants to achieve the top position in paid search results. which recommendations would improve the likelihood of top ad position?
Consider an argument in which premise 1 is "if p, then q" and premise 2 is "q is not true." what can you conclude about p?
The question involves applying modus tollens in logic to draw a conclusion from a conditional statement and its negation. If "if p, then q" (p → q) and "q is not true" (~q) are given premises, we can validly conclude that "p is not true" (~p).
The subject of the student's question is logical reasoning in mathematics, which is a part of the critical thinking skills often emphasized in mathematics education at the high school level. The student's question involves understanding a conditional statement and its negated consequent to draw a valid conclusion.
Given Premise 1: "If p, then q" (p → q) and Premise 2: "q is not true" (~q), we can conclude that "p is not true" (~p). This form of argument is known as modus tollens, a common form of valid logical reasoning. In modus tollens, if the consequent of a conditional statement is false, then the antecedent must also be false. This form is universally recognized as producing valid conclusions when the premises are true.
Example:
Premise 1: If dolphins are fish, then they are cold-blooded. (p → q)
Premise 2: Dolphins are not cold-blooded. (~q)
Conclusion: Therefore, dolphins are not fish. (~p)
In this example, the argument is valid, and by using the premises provided, we conclude that if q (the consequent) is not true, then p (the antecedent) cannot be true either.
A(n) ________ is an early user of a firm's product who is willing to give a testimonial regarding his or her experience with the product.
In a report, discussing factors beyond your control that affect report quality is called
Lem is looking at new cars. each one he sees has a certain trim detail across the hood which he somewhat likes at the start of the day. at the end of the day, and fifteen cars later, he really likes the detail. his opinion is influenced by the
A consultant who participates in management of an inpatient after conducting an initial consultation will report services using codes from which category
Organizations that help other organizations to sell their goods to customers are known as
A firm's profit margin, or return on sales, is computed by dividing ________.