Question
Instructions: 1. Using the seven steps of the quantitative analysis approach, model a profit maximization problem in a fast food restaurant. 2. Using your creativity
Instructions:
1. Using the seven steps of the quantitative analysis approach, model a profit maximization problem in a fast food restaurant. 2. Using your creativity you are going to give it a name and location. 3. You must explain each step using the Table: Modeled in a Real Scenario included below, as close to a real situation. 4. Also perform the profit optimization analysis using the breakeven (PE) solution with the following data: (1) fixed costs $ 7,893, (2) price $ 5.00, and (3) variable cost per unit $ 1.3. The student will assume that this data comes from the company. 5. For the estimation you will use the Excel tool QM or QM for Windows.
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