Question: John Doe opened a new Pizza Parlor. His fixed costs for Oven, counters etc is $5000. It costs Joe $8 to make a Medium Pizza.

John Doe opened a new Pizza Parlor. His fixed costs for Oven, counters etc is $5000. It costs Joe $8 to make a Medium Pizza. He is planning to sell it for $18 per Medium Pizza. Create a TABLE showing Total Cost and Total Revenue. Plot both on same chart a. What is the Break-even Quantity? (Show on Graph) b. How many pizzas should Joe sell to make $2000 Profit ? (Show on Graph) c. Due to competition, Joe is planning to drop the price to $15 per medium Pizza. What is the new Break-even? (Hint: Create a new revenue column and plot on same graph)

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