Question 1 Jean Belle recently opened Jean Belle's Tavem in a small town university. The tavern only sells one type of alcohol, i.e. locally brewed beer. The average selling price of beer at Jean Belle's Tavern is RM3.00 per glass, and each glass of beer costs Jean an average of RM2.20. Jean has hired a bartender and waiter and pays them a fixed salary of RM3,000 and RM2,000 per month respectively. Her rent, utilities, and other fixed operating costs are RM5,000 per month. Jean is considering selling cheese burgers during the lunch hour. She feels that this will increase her daytime business, which is currently not doing so well. It will also allow her to be more competitive with other local bars that offer a wider variety of food and beverage. Jean would like to sell the cheese burgers for RM1.25 each in order to be attractive to customers. Jean will buy buns for RMI 20 a dozen (a dozen contains 12 buns) and ground beef for RM2.80 per pound. Each pound of ground beef can make 7 cheeseburgers. Other ingredients (such as cheese, tomatoes etc.) will cost an average of RM0.20 per cheese burger. Jean will also need to hire a part-time cook at RM1,200 per month. Other additional fixed costs will run about RM360 a month. Required: Prepare the following for Jean Belle: - (a) If Jean sells only beer, how many glasses of beer does she have to sell each month to make a monthly profit of RM2,000? (3 marks) (6) If Jean sells only beer, how many glasses of beer does she have to sell each month to make a monthly profit of 5% of sales? (3 marks) c) Suppose Jean decides to add cheese burgers to her menu. How many cheese burgers does she need to sell to breakeven on the cheese burgers? Assume that there is no effect on beer sales. (3 marks) The main reason Jean wanted to add cheese burgers was to attract more customers. Suppose that 2,000 extra customers per month came for lunch because of the availability of cheese burgers and that each customer bought an average of one cheese burger and 1.5 beers. Compute the added profit (or loss) generated by these extra customers