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The Following Question Relate to a Community That Is Circular

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The following question relate to a community that is circular in nature with a one mile circumference. There are 81 people evenly distributed around the lake where the town is built. The travel cost is $10 per mile, a restaurant costs $100 to set up, and the cost per meal is $2. If the town was one restaurant below its optimal number when you are brought in as a consultant to help decide some planning issues, and the city fathers want to know how much the town could save overall if it built another restaurant, what would you tell them?


Definitions:

Customer

A person or entity that buys products or services from a company.

Need Awareness

The recognition by potential customers of a desire or requirement that could be satisfied by a product or service.

Target

An objective or goal that an individual, group, or organization aims to achieve within a specified timeframe.

New Home

A new home refers to a residential property that has recently been constructed and has never been lived in before.

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