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12345 [234]
4 years ago
5

You are a manager at Lobster Brisk, a seafood restaurant chain similar to Red Lobster. Your supervisor asks you to determine the

quantity of lobster to buy for the chain’s annual Brisk Feast, an annual monthly promotion when Lobster Brisk features a variety of lobster dinners, including its signature lobster bisque soup. Your research department reports that the demand for lobster dinners is:
QD = (1,300,000 dinners) − (100,000 dinners × P) + (32 dinners × INCOME)

, where QD is the quantity of lobster dinners demanded per week, P is the price of a lobster dinner, and INCOME is the average family income of Red Lobster customers.
If the average family income of Lobster Brisk customers is $50,000 and you set the price of a lobster dinner at $19 per dinner, what is the quantity of dinners demanded?
Business
1 answer:
laiz [17]4 years ago
6 0

Answer:

$1000000

Explanation:

By substituting for the unknowns in the equation

That is QD=1300000-(100000*19)+(32*50000)

P=$50000

P=$19

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$83254.25

Explanation:

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7 0
4 years ago
Assuming a​ 1-year, money market account investment at 4.83 percent​ (APY), a 3.55​% inflation​ rate, a 25 percent marginal tax​
Anton [14]

Answer:

Explanation:

Rate of return = 4.83%

inflation rate =3.55 %

marginal tax bracket = 25 %

after tax rate of return = 4.83 ( 1 - .25 ) = 3.6225 %

after tax inflation rate = 3.55 (m 1 - .25 ) = 2.6625 %

real rate of return =  [ (1+3.6225% /1+ 2.6625%)  - 1 ] x 100

= .0093 x 100 = .93 %

Total monetary return =  30000 x 3.625 %

= 1087.5

Rate of return is more than rate of inflation , for short term perspective staying invested in money market investment is good option . Real rate of return is not negative at least .

4 0
4 years ago
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NNADVOKAT [17]

Answer:

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Explanation:

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Six sigma seeks to identify and remove any factors responsible for defects in the process of manufacturing and business.

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3 years ago
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