Question: A restaurant is considering adding fresh brook trout to its menu. Customers would have the choice of catching their own trout from a simulated mountain

A restaurant is considering adding fresh brook trout to its menu. Customers would have the choice of catching their own trout from a simulated mountain stream or simply asking the waiter to net the trout for them. Operating the stream would require

$8,400

in fixed costs per year. Variable costs are estimated to be

$6.10

per trout. The firm wants to break even if

700

trout dinners are sold per year.

What should be the price of the new item?

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