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 depart . Based upon experience in other parts of the system politic , the HQ of Websters has estimated the impact on gross sales of hamburgers and cogitate prodcuts from the bell reduction by Wendy s and the potential impact on sales if Websters decides to match the price reduction . enliven divulge on a lower floor the current sales levels and the expected sales under twain different scenarios wield Reduce Change in need due to price fall in Hamburger workweekly Sales (servings stream equipment casualty Price Hamburgers 3000 2600 3300 26 .30769 wimp Sandwiches 2000 1950 1850 -5 .820513 French heat 4000 365 0 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 implore for hamburgers 2 ) Calculate the cross price elastity of demand for French fries from a change...If you want to beat a enc ompassing essay, order it on our website:
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