Wings Diner has a box lunch that it sells on football game days at the local university.
Fantastic news! We've Found the answer you've been seeking!
Question:
Wings Diner has a box lunch that it sells on football game days at the local university. Each box lunch sells for $10, which includes $2.00 variable costs and $2.00 fixed costs, plus a $6 markup. In the short run, what is the minimum price Wings Diner should charge (i.e., what is the price below which the diner would not normally sell a meal)? (Round your answer to 2 decimal places.)
Posted Date: