Question
1. (20 pts.) Bob and Linda are working up a bid to supply hamburgers to Mr. Fishoeders retirement party. The quote is for 100 burgers,
1. (20 pts.) Bob and Linda are working up a bid to supply hamburgers to Mr. Fishoeders retirement party. The quote is for 100 burgers, each prepared exactly alike. The first burger took Bob 10 minutes to make and included $5.50 in materials (beef, bun, ketchup, pickles and lettuce). The second burger took Bob 9 minutes to make and also had $5.50 in materials.
a. What is Bobs Improvement Factor for the 18th burger?
b. How long will it take them to make all 100 burgers?
c. What is the total cost the 100th burger?
d. Assuming Bob and Linda need to make 3% profit on this event, how much should they bid?
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