Question
Three entrepreneurs plan to open a copy shop. It costs $5000 per year to rent a copier. It costs $0.03 per copy to operate the
Three entrepreneurs plan to open a copy shop. It costs $5000 per year to rent a copier. It costs $0.03 per copy to operate the copier. Other fixed costs of running the store will amount to $400 per month. The planned price per copy is $0.10. The shop will be open 365 days per year. Each copier can make up to 100,000 copies per year.
a. Find the annual profit from one copier to three copiers with daily demands of 500 and 1000 copies per day. [in other words, find the annual profit for EACH of these combinations of copiers rented and daily demand]. b. If three copiers are rented, what daily demand will allow the shop to break even? Graph your work.
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