Business, 24.03.2020 18:00, coolkitty35
2. Based on your analysis in question 1 above, decide which business structure makes the most sense for your company (sole proprietorship, partnership, LLC, C corporation, S corporation, or nonprofit corporation). Describe at least three reasons why you chose this business structure. (3-6 sentences. 3.0 points)
Answers: 1
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Until recently, hamburgers at the city sports arena cost $4.70 each. the food concessionaire sold an average of 13 comma 000 hamburgers on game night. when the price was raised to $5.40, hamburger sales dropped off to an average of 6 comma 000 per night. (a) assuming a linear demand curve, find the price of a hamburger that will maximize the nightly hamburger revenue. (b) if the concessionaire had fixed costs of $1 comma 500 per night and the variable cost is $0.60 per hamburger, find the price of a hamburger that will maximize the nightly hamburger profit.
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2. Based on your analysis in question 1 above, decide which business structure makes the most sense...
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