#12A vendor prepares 100.00 hotdogs every day and sells at $20.00/piece. For each hot dog, he spends $12.00 in the rawmaterial. Additionally he spends $1.00 for packing each hotdog and monthly $50.00, $20.00, $10.00 as food truck rent,electricity and other expenses respectively. Lost sale are taken as $1 per unhappy customer. Leftover hotdogs can besold for $5.00/piece. On a particular day in June it rained heavily so the vendor was able to sell only 80.00 hot dogs.Determine the vendor's profit for that day? Assume there are 30 days in the month.SubmitAnswer format: Currency: Round to: 2 decimal places.Show Hint

Calculation of the total revenue:80x20+$20+$5$1600+100= $1700Vendor's profit for that rainy day…

Answered: #12 A vendor prepares 100.00 hotdogs…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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M1
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Store Travel Time Each Way (minutes) Price of a Skirt (Dollars per skirt) Local Department Store 15 103 Across Town 30 87 Neighboring City 60 64 Juanita makes $16 an hour at work. She has to take time off work to purchase her skirt, so each hour away from work costs her $16 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling. Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location. Store Opportunity Cost of Time Price of a Skirt Total Cost (Dollars) (Dollars per skirt) (Dollars) Local Department Store 103 Across Town 87 Neighboring City 64
Please correct answer and don't use hand rating
Fill the Table Total Total Fixed Variable Total Costs Costs Total Average Total Costs Costs $100 $140 $165 $210 $295 $425 $625 Product (TFC) (TVC) $50 $50 $50 $90 $50 $115 $50 $160 $50 $245 $50 $375 $50 $575 1 4 9. Total Total Fixed Variable Total Marginal Total Costs Costs Costs Costs Product (TFC) $50 (TVC) $0 |(TC) $50 (MC) na 1 $50 $50 $50 $50 $50 $100 2 $90 $140 $115 $165 4 $160 $210 $50 $50 $50 $295 $425 $245 6. $375 7 $575 $62 LolcolN 567
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Store Local Shoe Store Different Neighborhood in Town Rural Outlet Travel Time Each Way (Minutes) 15 30 60 Store Local Shoe Store Price of a Boots (Dollars per boots) 114 95 Juanita earns an hourly wage of $16 at her job. In order to purchase her boots she will have to take time off work, so each hour away from her job costs her $16 in lost income. Assume that Juanita's travel time is the same each way (to and from the store) and that it will take her 30 minutes once she reaches a store to complete her shopping. Assume throughout the question that Juanita incurs no additional costs other than the boots, such as gas. Different Neighborhood in Town Rural Outlet 74 Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location. Opportunity Cost of Time (Dollars) Price of a Boots (Dollars per boots) 114 95 74 Total Cost (Dollars) Assume that Juanita considers both her opportunity costs and the price of boots when making her…
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#11 ✪ A vendor prepares 100.00 hotdogs every day and sells at $18.00/piece. For each hot dog, he spends $13.00 in the raw material. Additionally he spends $1.45 for packing each hotdog and monthly $50.00, $24.00, $8.00 as food truck rent, electricity and other expenses respectively. Lost sales are charged at $4.00 per lost sale. Leftover hotdogs can be sold for $3. On a particular day in June 114.00 people came wanting to buy a hotdog. Determine the vendor's profit for that day? Assume there are 30 days in the month. Submit Answer format: Currency: Round to: 2 decimal places. Show Hint
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

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