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Suppose you run a business producing decorative luminarias (paper bags with glowing candles) and you have the following costs: Rent for your workspace is $200
Suppose you run a business producing decorative luminarias (paper bags with glowing candles) and you have the following costs: Rent for your workspace is $200 per month, with a 3 month lease. You can produce up to 400 luminarias per month using this workspace. For each luminaria, it costs you $2 for the bag, candle and sand (used to hold the bag down and the candle up). Write this information down - there will be several questions based on this information. How low could the price go before you would shut down immediately? Question 7 options: $2 $800 $2.50 $200
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