Bobs makes the best burritos in town. Bob is a price-setter. What should be his...

80.2K

Verified Solution

Question

Accounting

Bobs makes the best burritos in town. Bob is a price-setter.

What should be his target selling price per burrito?

Variable cost per burrito = $6

Fixed cost per month = $700

Bob can sell 1500 burritos per month

Bob wants to earn 3000 profit per month

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students