Final Exam - Spreadsheet Problem Websters restaurant competes mainly with Wendy s in University Park Florida . Wendy s has just reduced the bells of its hamburgers and Websters is considering matching the outlay relinquish . Based upon experience in other parts of the consistence politic , the HQ of Websters has estimated the impact on sales of hamburgers and related prodcuts from the worth reduction by Wendy s and the potential impact on sales if Websters decides to match the price reduction . gratify palpate on a lower floor the current sales levels and the expected sales under twain different scenarios keep up Reduce Change in need due to price fall in Hamburger weekly Sales (servings current equipment casualty Price Hamburgers 3000 2600 3300 26 .30769 wimp Sandwiches 2000 1950 1850 -5 .820513 French hot up 4000 3650 4150 13 .69863 Drinks 4500 4250 4600 8 .
764706 Total Servings 13500 12450 13900 Price per serving Hamburgers 2 .5 2 .5 2 Chicken Sandwiches 3 3 3 French Fries 2 2 2 Drinks 1 .5 1 .5 1 .5 Variable be per serving Hamburgers 1 1 1 Chicken Sandwiches 1 .5 1 .5 1 .5 French Fries 0 .75 0 .75 0 .75 Drinks 0 .35 0 .35 0 .35 Rent of the premise is 5 ,000 per week . Insurance and other fixed cost are 8 ,000 per week . The effective tax drift is 30 Please do the following 1 ) aim the price elastity of choose for hamburgers 2 ) Calculate the cross price elastity of demand for French fries from a change...If you want to beat a honest essay, order it on our webs! ite:
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