Question: PLEASE EXPLAIN WITH FORMULAS, TRYING TO LEARN THE CONCEPTS. THANK YOU. Meals2 Home delivers hot meals to seniors Mon-Fri. They charge $18 per meal for

PLEASE EXPLAIN WITH FORMULAS, TRYING TO LEARN THE CONCEPTS. THANK YOU.

PLEASE EXPLAIN WITH FORMULAS, TRYING TO LEARN THE

Meals2 Home delivers hot meals to seniors Mon-Fri. They charge $18 per meal for the service which has variable costs of $24 per delivery. Because they sub-contract both the preparation and delivery of meals, there are no fixed costs. They receive a subsidy of $9,542 per month so long as they reach a minimum number of homes, and they plan on only breaking even each month. The city decides this is a great service, but would like to double the number of homes reached and only charge $9 per meal. Servicing this number of homes would also require a full-time employee at a cost of $4,000 per month. What would be the additional subsidy needed to achieve these goals and still breakeven? Currency (US)

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