A "Little Sis" Restaurant Has Been Opened as a Prototype

question 7

Multiple Choice

A "Little Sis" restaurant has been opened as a prototype to test the concept of a smaller facility with a limited menu.Experience during the first two years was as follows: The average sale is $10 per customer.Use the following partially completed graph to determine the break-even quantity graphically.Then refine your solution by solving it algebraically.(Show your work for credit. )

• A)The break-even quantity is fewer than or equal to 30,000 customer visits.
• B)The break-even quantity is more than 30,000 customer visits and fewer than or equal to 50,000 visits.
• C)The break-even quantity is more than 50,000 visits and fewer than or equal to 70,000 visits.
• D)The break-even quantity is more than 70,000 customer visits.

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Definitions:

Preexisting Contract

A legal agreement that was created and became effective before the current discussion or issue.

Additional Consideration

Extra benefits or compensation provided to one party in a contract to modify or amend the original terms.

Consideration

In contract law, consideration is the benefit or value that parties agree to exchange, which is necessary for a contract to be legally binding.

Enforceable Transactions

Legal agreements or contracts that can be upheld and compelled by law.