Question: Answer the 2 questions below and include the solutions: Given a hypothetical demand of 500 cups of milktea for the month of May with the

Answer the 2 questions below and include the solutions:

Given a hypothetical demand of 500 cups of milktea for the month of May with the sales of Instatea of 100 cups and TeaTime for 150 cups. Determine the projected sales of Chatea for a target market share of 10% for the month of September if the growth rate of demand is 5% and the sales growth of Instatea and TeaTime are 4% and 6% respectively. * You are a student assistant and assigned a parttime work for six hours during Saturdays and Sundays at the Knights Cafe paying you a meal allowance for lunch and dinner worth PhpO per meal and cash allowance of Php50 per hour. Some of your friends and classmates in CAZB want you to join them on a weekend trip at Sky Ranch in Tagaytay. They estimate your share of the food, lodging, gas. and other expenses to be around Php500. However, you also consider a sunk cost of around Php1,500 if you cannot nish a position paper a friend asked you to do as your extra income. If you plan to join with your friends and classmates. what is your total economic cost? *

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