In Problem 56: a. If the fraternity buys a larger warming oven that has 25 shelves with
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In Problem 56:
a. If the fraternity buys a larger warming oven that has 25 shelves with the same shelf dimensions, for an additional $2,000, how much would they increase profit?
b. If they could increase their budget to $1,500 per game, how much would they increase profit?
c. If they increased the selling price of a hot dog to $4, but it would reduce demand for hot dogs to at most 600, would this result in a greater profit for the fraternity?
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