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You are running a pop-up restaurant. A pop-up restaurant is one that has no permanent place, but instead pops up when you can find the
You are running a pop-up restaurant. A pop-up restaurant is one that has no permanent place, but instead pops up when you can find the right time and place. This time you are not focused on profit maximization, but instead want to sell as many meals as possible. You are a revenue maximizer. You have found a great location and are thinking about reserving it. The site charges $10,000 to rent for one weekend. Your best guess is that each meal you create will cost $25. This means your total costs, TC = 10,000 25 Q, where Q is the quantity of meals served. Your best estimate is that the demand for meals at your weekend pop-up restaurant is represented by the following equation: Q = 2,000 -10P, where P stands for the price of one meal and Q is the quantity of meals served
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