Question
ou are thinking of opening a small copy shop. It costs $5,000 to rent a copier for a year and it costs $0.03 per copy
ou are thinking of opening a small copy shop. It costs $5,000 to rent a copier for a year and it costs $0.03 per copy (including paper) to operate the copier. Other fixed costs of running the store will amount to $400 per month. You plan to charge an average of $0.10 per copy, and the store will be open 365 days per year. Each copier can make up to 100,000 copies per year.
For one to five copiers rented and daily demands of 500, 1,000, 1,500, and 2,000 copies per day, find annual profit. That is, find annual profit for each of these combinations of copiers rented and daily demand. ( please ou will need to copy and paste from the Excel spreadsheets)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started