60000 15. Mrs. Thomas is planning on buying a food truck to sell her soon-to-be famous beef -40000 brisket. She will have an initial cost to 30000 purchase the truck, and then will make 20000 money on every event she attends. Her possible earnings based on the number of events for one year are shown on the 10000 following graph. 1D -10000 a) What is the cost of the food truck? 20000 30000 b) How many events will it take to break-even? 400oo 50000 Number of Events c) What is the equation of the line? d) Using your equation from part (c), predict how many events Mrs. Thomas must do in order to make $21,000. Eamings ($)

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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15. Mrs. Thomas is planning on buying a food truck
50000
to sell her soon-to-be famous beef
40000
brisket. She will have an initial cost to
30000
purchase the truck, and then will make
money on every event she attends, Her
-20000
possible earnings based on the number
40000
of events for one year are shown on the
following graph.
10
a) What is the cost of the food truck?
10000
20000
30000
b) How many events will it take to break-even? 40o
50000
Number of Events
c) What is the equation of the line?
d) Using your equation from part (c), predict how many events Mrs, Thomas must do in order to make $21,000.
Eamings ($)
Transcribed Image Text:15. Mrs. Thomas is planning on buying a food truck 50000 to sell her soon-to-be famous beef 40000 brisket. She will have an initial cost to 30000 purchase the truck, and then will make money on every event she attends, Her -20000 possible earnings based on the number 40000 of events for one year are shown on the following graph. 10 a) What is the cost of the food truck? 10000 20000 30000 b) How many events will it take to break-even? 40o 50000 Number of Events c) What is the equation of the line? d) Using your equation from part (c), predict how many events Mrs, Thomas must do in order to make $21,000. Eamings ($)
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