Question
The Organic Buffet offers an all-you-can-eat buffet meal for $ 34 per person. The restaurant employs ten salaried employees. Rent for the building, employee salaries,
The Organic Buffet offers an all-you-can-eat buffet meal for $ 34 per person. The restaurant employs ten salaried employees. Rent for the building, employee salaries, and other fixed costs for the restaurant are $ 118 comma 800 per month when the restaurant serves meals up to 13 comma 900 guests in that month. If the restaurant were to serve more than 13 comma 900 guests in any given month, it would need to hire two additional servers and two additional kitchen staff for an additional fixed cost of $ 27 comma 000 per month. The variable cost of food is $ 20 per guest. Read the requirementsLOADING.... Requirement 1. What is the restaurant's cost equation for estimating costs if the number of guests to be served is up to 13 comma 900 guests per month? y = $ x + $
1. | What is the restaurant's cost equation for estimating costs if the number of guests to be served is up to 13 comma 90013,900 guests per month? | |
2. | If the restaurant were to serve 13 comma 20013,200 guests inMayMay, what would be the: | |
a. | Estimated total cost? (Use the cost equation from Requirement 1.) | |
b. | Average cost per guest? | |
3. | If the restaurant were to serve 11 comma 40011,400 guests inJuneJune, what would be the: | |
a. | Estimated total cost using the cost equation from Requirement 1? | |
b. | Estimated total cost using the average per guest cost from Requirement 2b? | |
c. | Why is there a difference in the two cost estimates? | |
4. | What is the restaurant's cost equation for estimating costs if the number of guests to be served is more than 13 comma 90013,900 guests per month? | |
5. | If the restaurant were to serve 15 comma 40015,400 guests inJulyJuly, what would be the estimated total cost? (Use the cost equation from Requirement 4.) |
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