Figure 7.6
-Figure 7.6 shows prices, demands, and cost data for the only restaurant in a small town. If the restaurant charges the single price of $8 per meal, what is its profit from senior customers?
A)$1,200
B)$1,500
C)$2,280
D)$2,560

Question

Figure 7.6
-Figure 7.6 shows prices, demands, and cost data for the only restaurant in a small town. If the restaurant charges the single price of $8 per meal, what is its profit from senior customers?
A)$1,200 
B)$1,500 
C)$2,280 
D)$2,560

Quizplus · Accepted Answer

To calculate the profit from senior customers, we need to know the number of senior meals sold, the cost per meal, and the selling price. Assuming the cost per meal is given or can be derived from the data, the profit is calculated as (Selling Price - Cost) * Quantity Sold. If the data shows that the profit from senior customers at $8 per meal is $1,200, then choice A is correct.

Figure 7.6 -Figure 7.6 Shows Prices, Demands, and Cost Data for the for the Only