Use the photo attached to answer the following question,1.Using a numerical example, show how the demonstrate how the break-even analysis (graphical approach) can be used to determine the best of three locations.SHOW WORKING Eve started a pizza business three years ago using the kitchen in her house. Customers callto order their pizza and Eve will deliver. Her business has grown so much that she hired fouremployees. Given the rate of growth, Eve decided to move her operations out of her kitchenand build a separate kitchen for her pizza business. She would like to choose a location thatminimizes the total (or average) travel distance to deliver pizza to customers.From historical records, Eve has decided that her customers are unevenly distributedthroughout her service area. To make her problem more manageable, she grouped thecustomers in the same general area into six regions.

A Break-even point is a point where the firm's revenue covers the total fixed as well as a variable…

Use the photo attached to answer the following question, 1.Using a numerical example, show how the demonstrate how the break-even analysis (graphical approach) can be used to determine the best of three locations. SHOW WORKING

Use the photo attached to answer the following question, 1.Using a numerical example, show how the demonstrate how the break-even analysis (graphical approach) can be used to determine the best of three locations. SHOW WORKING

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Use the photo attached to answer the following question,

1.Using a numerical example, show how the demonstrate how the break-even analysis (graphical approach) can be used to determine the best of three locations.

SHOW WORKING

Eve started a pizza business three years ago using the kitchen in her house. Customers call
to order their pizza and Eve will deliver. Her business has grown so much that she hired four
employees. Given the rate of growth, Eve decided to move her operations out of her kitchen
and build a separate kitchen for her pizza business. She would like to choose a location that
minimizes the total (or average) travel distance to deliver pizza to customers.
From historical records, Eve has decided that her customers are unevenly distributed
throughout her service area. To make her problem more manageable, she grouped the
customers in the same general area into six regions.

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