Question: Lance s Diner has a hot - lunch special each weekday and Sunday afternoon. The cost of food and other variable costs for each meal
Lances Diner has a hotlunch special each weekday and Sunday afternoon. The cost of food and other variable costs for each meal served is $; weekly fixed costs eg building depreciation and equipment rental costs are $ regardless of how many days the diner is open per week. Lance has an average of customers per day.
Required:
a What is the lowest price in total not per meal that Lance should charge for a special group of that wants to come on Saturday for a family reunion?
b What should be the lowest price per meal that Lance should charge for the hotlunch special served on weekdays and Sunday afternoons? Round "Lowest price per meal" answer to decimal places.
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