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 $21,000. Eamings ($)
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 $21,000. Eamings ($)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Please help me Thank you
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education