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6. The University cafeteria is offering meal plans for their students on a tight budget. They can choose: the GOLD PLAN and pay $200/month for breakfast & lunch every day at no extra charge (S0/meal) • OR they could choose the SILVER PLAN and pay $40/month for the rights to purchase meals at $4/meal • OR they could choose NO PLAN ($0/month) and continue paying an average of $6 per meal. 6a) What is the minimum number of meals a student needs to eat at the cafeteria each month before it is worthwhile to purchase the Gold plan? 6b) Which plan should the student choose if she expects to eat 15 meals per month at the cafeteria?

6. The University cafeteria is offering meal plans for their students on a tight budget. They can choose: the GOLD PLAN and pay $200/month for breakfast & lunch every day at no extra charge (S0/meal) • OR they could choose the SILVER PLAN and pay $40/month for the rights to purchase meals at $4/meal • OR they could choose NO PLAN ($0/month) and continue paying an average of $6 per meal. 6a) What is the minimum number of meals a student needs to eat at the cafeteria each month before it is worthwhile to purchase the Gold plan? 6b) Which plan should the student choose if she expects to eat 15 meals per month at the cafeteria?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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byce, 6. The University cafeteria is offering meal plans for their students on a tight budget. They can choose: the GOLD PLAN and pay $200/month for breakfast & lunch every day at no extra charge (S0/meal) • OR they could choose the SILVER PLAN and pay $40 / month for the rights to purchase meals at $4/meal • OR they could choose NO PLAN ($0/month) and continue paying an average of $6 per meal. 6a) What is the minimum number of meals a student needs to eat at the cafeteria each month before it is worthwhile to purchase the Gold plan? 6b) Which plan should the student choose if she expects to eat 15 meals per month at the cafeteria? + d Image Text: enver (fixed cos nce between the oduced? 5b) Whic esc ans for their stud harge ($0/ meal). choose NO PLAN ( at the cafeteria ead 5 meals per month ose to include a salac $1 per salad variable cost. If they choose to have pre-made salads (i.e., the BUY option), it will cost $3 per salad. 1 2 # 3 20 $ 4 www.%5H6 780 2 W 7. The manager of a fast-food restaurant featuring hamburgers is adding salads to the menu. If they choose to include a salad bar (i.e., the MAKE option), it will cost $14,000 in annual fixed costs for the leased equipment and added employee, and $1 per salad variable cost. If they choose to have pre-made salads (i.e., the BUY option), it will cost $3 per salad. S X command 1 #3 ! 1 E 1 D 2 C $ 4 000 R 20 F 80 # 3 % 5 V 4 T 888 $ G 6 % 5 B MacBook Pro Y 6 H 4 & 7 U N A & 7 ▶II 00 * 8 | כ PI U ▶ 8 - M ► D ( 9 K ( 9 4 0 < I O ) - O O 0 L P P command # V ERT 3 I t and question 34 minutes for p P romotional offers. xper utes." > t this cycle 2022 ww U [ option + ?
Transcribed Image Text:byce, 6. The University cafeteria is offering meal plans for their students on a tight budget. They can choose: the GOLD PLAN and pay $200/month for breakfast & lunch every day at no extra charge (S0/meal) • OR they could choose the SILVER PLAN and pay $40 / month for the rights to purchase meals at $4/meal • OR they could choose NO PLAN ($0/month) and continue paying an average of $6 per meal. 6a) What is the minimum number of meals a student needs to eat at the cafeteria each month before it is worthwhile to purchase the Gold plan? 6b) Which plan should the student choose if she expects to eat 15 meals per month at the cafeteria? + d Image Text: enver (fixed cos nce between the oduced? 5b) Whic esc ans for their stud harge ($0/ meal). choose NO PLAN ( at the cafeteria ead 5 meals per month ose to include a salac $1 per salad variable cost. If they choose to have pre-made salads (i.e., the BUY option), it will cost $3 per salad. 1 2 # 3 20 $ 4 www.%5H6 780 2 W 7. The manager of a fast-food restaurant featuring hamburgers is adding salads to the menu. If they choose to include a salad bar (i.e., the MAKE option), it will cost $14,000 in annual fixed costs for the leased equipment and added employee, and $1 per salad variable cost. If they choose to have pre-made salads (i.e., the BUY option), it will cost $3 per salad. S X command 1 #3 ! 1 E 1 D 2 C $ 4 000 R 20 F 80 # 3 % 5 V 4 T 888 $ G 6 % 5 B MacBook Pro Y 6 H 4 & 7 U N A & 7 ▶II 00 * 8 | כ PI U ▶ 8 - M ► D ( 9 K ( 9 4 0 < I O ) - O O 0 L P P command # V ERT 3 I t and question 34 minutes for p P romotional offers. xper utes." > t this cycle 2022 ww U [ option + ?
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