Question

Carol successfully increases her business to 200 customers per day. However, her total cost for doing so is 50% greater than the expected $1,600. What percent greater is the actual marginal cost than the expected marginal cost, to the nearest full percent?

Answer 1

Carol's Steakhouse, the total cost of serving 150 customers per day is $900. Carol is interested in increasing her business, but is concerned about the effect on marginal cost.

Carol successfully increases her business to 200 customers per day. However, her total cost for doing so is 50% greater than the expected $1,600. What percent greater is the actual marginal cost than the expected marginal cost, to the nearest full perc

Answer:

214

Explanation:

We have been given

C1 = $900

Q1 = 259

Then c2 = $1600

Q2 = 200

M = 1600-900/50

= 14

For real,

C1 = 900

C2 = 2400

Q1 = 150

Q2 = 50

1500/50 = 30

30/14 x 100

= 214

It is greater by 214 percent