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1.Given the scenario above, should the entrepreneur stay in business? Why or why not? 2.Assuming that the normal hours of operation are noon until 8
1.Given the scenario above, should the entrepreneur stay in business? Why or why not?
2.Assuming that the normal hours of operation are noon until 8 pm. On an experimental basis, the owner extends its hours until 11 pm for one month. The following table shows the average number of additional customers for each of the added hours:
HoursCustomers
8-9 pm41
9-10 pm20
10-11 pm8
Assuming that the late customers spend an average of $1.45, is it feasible to extend the number of operating hours? How many hours should be added to be profitable?
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