In the aftermath of a hurricane, an entrepreneur took a one-month leave of absence (without pay)...
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In the aftermath of a hurricane, an entrepreneur took a one-month leave of absence (without pay) from her $3,000 per month job in order to operate a kiosk that sold fresh drinking water. During the month she operated this venture the entrepreneur paid the government $2,500 in kiosk rent and purchased water from a local wholesaler at a price of $1.31 per gallon. If consumers were willing to pay $2.45 to purchase each gallon of fresh drinking water, how many units did she have to sell in order to turn an economic profit? Instruction: Enter your responses rounded up to the nearest gallon. 5608 In the aftermath of a hurricane, an entrepreneur took a one-month leave of absence (without pay) from her $3,000 per month job in order to operate a kiosk that sold fresh drinking water. During the month she operated this venture the entrepreneur paid the government $2,500 in kiosk rent and purchased water from a local wholesaler at a price of $1.31 per gallon. If consumers were willing to pay $2.45 to purchase each gallon of fresh drinking water, how many units did she have to sell in order to turn an economic profit? Instruction: Enter your responses rounded up to the nearest gallon. 5608
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Managerial Economics and Business Strategy
ISBN: 978-0071267441
7th Edition
Authors: Michael R. baye
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