Question
A jacket potato vendor charges $3.57 per potato sold. The variable cost of each potato served is $1.13. The stall has a fixed cost of
A jacket potato vendor charges $3.57 per potato sold. The variable cost of each potato served is $1.13. The stall has a fixed cost of $600 per week. How many potatoes must the stall sell in order to achieve a profit objective of $750 per week?
MuCao Creamery has recently expanded into 3 provinces in Southeast China. Currently, there are three other retail ice cream vendors in these provinces along with MuCao with the following sales volumes: Brands Total Revenues (RMB) Cones Served (units) Xihuan Cones 87,500 35,000 MuCao Creamery 121,000 50,000 Scoops 30,000 10,200 Swirls 36,800 20,000 What is the 3 firm concentration ratio based on revenues? CALCULATED VARIABLES: rms = 0.440 (44.0%) total = 275,300
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