If production is increasing at 3 kayaks per day when production is 40 kayaks per day, find the rate of increase in revenue. Show all steps. b) Suppose each kayak costs $124 to make and the company needs a minimum of $840 per day to remain operable and avoid bankruptcy. Find a price at which you believe consumers would readily buy the kayaks and the minimum number of kayaks you would need to sell at this price to keep the company afloat. (Note: There are many combinations/options.) c) Explain how you found your price and minimum number of kayaks from part b above. (Use a minimum of 3 sentences.) d) Suppose after a few weeks the company is in the red. The company is not selling enough kayaks to stay operable and must file
a) If production is increasing at 3 kayaks per day when production is 40 kayaks per day, find the rate of increase in revenue. Show all steps.
b) Suppose each kayak costs $124 to make and the company needs a minimum of $840 per day to remain operable and avoid bankruptcy. Find a price at which you believe consumers would readily buy the kayaks and the minimum number of kayaks you would need to sell at this price to keep the company afloat. (Note: There are many combinations/options.)
c) Explain how you found your price and minimum number of kayaks from part b above. (Use a minimum of 3 sentences.)
d) Suppose after a few weeks the company is in the red. The company is not selling enough kayaks to stay operable and must file for bankruptcy unless something changes quickly. Write a script that you would use to pitch to the CEO and CFO explaining a change (or changes) that can be quickly implemented to generate the revenue the company needs to refrain from going under. (Use a minimum of 6 sentences.)
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