You Are Considering Opening a Fast-Food Store

question 78

Multiple Choice

You are considering opening a fast-food store. Your fixed costs for the required land, building, parking lot paving, kitchen equipment, and neon sign will be $1,000,000. The variable cost will be $1.89 for servings which will sell for $2.89. How many servings must you sell to break even?

• A) 1,000,000
• B) 1,200,000
• C) 2,890,000
• D) 189,000
• E) Cannot be determined from the data given.

Determine the profit or loss maximization level of output for a firm.

Understand the variety and purpose of different measurement types in research (self-report, behavioral, physiological).

Comprehend the reasoning and methods for using multiple measures in research.

Grasp the concepts and implications of internal and external validity.

---

Definitions:

Physically Delivered

A term used in derivative markets indicating that upon contract expiration, the actual underlying asset is delivered rather than a cash settlement.

Identification

the act of determining or verifying the identity of a person or object, often through documents like ID cards or digital means.

Shipped

Refers to goods that have been transported from one location to another, usually through the use of a carrier or logistical service.

Specific Goods

Goods that are identified and agreed upon at the time a contract of sale is made.