Question: Use the information given below for all questions about this scenario. Joseph Jones is the manager at a new restaurant in Fenton, Michigan. He can

Use the information given below for all questions about this scenario. Joseph Jones is the manager at a new restaurant in Fenton, Michigan. He can set up a salad bar, or buy pre-assembled salads for customers. 1. Fixed cost of setting up the salad-bar are 12,000$ and variable cost per salad from the salad bar are $1.50 per salad (each customers will only get one salad from the salad bar). 2. The second option to buy pre-assembled salads has a fixed cost of 2400$ and a variable cost of 2$ per salad. What is the break-even quantity (i.e. the quantity at which both options cost the same)? Enter your answer rounded to the nearest integer
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
