Maverick is planning to open a new business. He plans to open a taco stand. His fixed cost is $1000. His cost of producing a taco, on average, is $1. He sells a taco for $ 2.00.

Question 1) How many servings does he need to sell to break even monthly?

Answer 1) [ Select ] ["None of the options are right", "500", "5714", "1000"]

Question 2) Maverick estimates that he will be able to sell about 1000 tacos per day. Thus, if he plans to make a daily profit of $500. How much should he charge for each taco? Assume everything else remains the same as above (Fixed and variable costs).

Answer 2) [ Select ] ["2", "1.5", "none of these", "0"]

Question 3) Maverick's Tacos become very popular, and he realizes he needs to serve way more than what he can serve by himself, and thus he hires three helpers. He has to pay each helper $ 3,000 per month even if he does not sell a single serving. Assume that he now charges $2.50 for a taco, and everything else remains the same (fixed and variable costs). Calculate how many servings he now needs to sell to make a profit of $ 8000 per month.

Answer 3) [ Select ] ["11,000", "11,500", "12,000", "10,000"]