Business, 05.05.2020 06:53, edgartorres5123

Concession Supply sells hotdogs, buns, and nacho ingredients to several major league ballparks across the country. Currently, Concession Supply has the following pricing information for one case of hotdogs sold at Wrigley Field: Total fixed costs = $1,200, Selling price = $16, and Variable costs = $6.

1. To break even, Concession Supply should sell how many cases of hot dogs per day at Wrigley Field?
2. What is the breakeven point in dollar sales volume?
3. If Concession Supply increased its price by 10 percent and experienced only a 2 percent decrease in the demand for hotdogs, what the demand would be?
4. If Concession Supply wanted to make a profit of $800 on each case, how many cases would it need to sell?

Answers: 2

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Concession Supply sells hotdogs, buns, and nacho ingredients to several major league ballparks acros...