A restaurant frequently offers a special prix fixe meal and has been charging $120 per person for the event. At that price, they’ve been averaging 40 customers each time. Their marketing firm has convinced them that they’ll gain a customer for every dollar they lower the cost of the event, and conversely lose a customer for every dollar they raise the cost. Their fixed cost per event is $$1200 and preparing each customer’s meal costs an additional $30. What are the break-even points in terms of customers served? Write the exact answer. Do not round. Separate multiple answers with a comma.
A restaurant frequently offers a special prix fixe meal and has been charging $120 per person for the event. At that price, they’ve been averaging 40 customers each time. Their marketing firm has convinced them that they’ll gain a customer for every dollar they lower the cost of the event, and conversely lose a customer for every dollar they raise the cost. Their fixed cost per event is $$1200 and preparing each customer’s meal costs an additional $30. What are the break-even points in terms of customers served? Write the exact answer. Do not round. Separate multiple answers with a comma.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A restaurant frequently offers a special prix fixe meal and has been charging $120 per person for the event. At that price, they’ve been averaging 40 customers each time. Their marketing firm has convinced them that they’ll gain a customer for every dollar they lower the cost of the event, and conversely lose a customer for every dollar they raise the cost. Their fixed cost per event is $$1200 and preparing each customer’s meal costs an additional $30. What are the break-even points in terms of customers served? Write the exact answer. Do not round. Separate multiple answers with a comma.
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