The Owner of a Small Restaurant That Sells Take-Out Fried

question 25

Multiple Choice

The owner of a small restaurant that sells take-out fried chicken and biscuits pays each month $2,500 in rent,$500 in utilities,$750 interest on his loan,insurance premium of $200,and $250 on advertising on local buses.A bucket of take-out chicken is priced at $9.50.Unit variable costs for the bucket of chicken are $5.50.How many small buckets of chicken does the restaurant need to sell to break-even each month?

• A)442 buckets
• B)764 buckets
• C)1,050 buckets
• D)3,150 buckets
• E)4,200 buckets

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Definitions:

International Debt

Refers to the total amount of debt that countries owe to external creditors, including international banks, governments, or financial institutions.

Anti-globalization

A movement or sentiment against the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture.

Glocalization

The process of reflecting and adapting global practices to fit local needs, customs, and environments, blending global and local perspectives.

Modernization Theory

A theory suggesting that societies progress through similar stages of development towards becoming modern societies, characterized by industrialization, urbanization, and increased living standards.