document.write( "Question 1209494: Jane’s Seafood Diner serves 200 meals a day at an average price of $20. The variable cost of each meal is $10, and the fixed costs of running the restaurant are $1,750 a day.
\n" ); document.write( "(I) What profit does the restaurant make?
\n" ); document.write( "(ii) What is the average cost of a meal?
\n" ); document.write( "(iii) By how much would the average cost of a meal fall if the number of meals served rose to
\n" ); document.write( "250 a day
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Algebra.Com's Answer #848921 by ikleyn(52879) $\"\"$ $\"About$

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\n" ); document.write( "Jane’s Seafood Diner serves 200 meals a day at an average price of $20.
\n" ); document.write( "The variable cost of each meal is $10, and the fixed costs of running the restaurant are $1,750 a day.
\n" ); document.write( "(a) What profit does the restaurant make?
\n" ); document.write( "(b) What is the average cost of a meal?
\n" ); document.write( "(c) By how much would the average cost of a meal fall if the number of meals served rose to
\n" ); document.write( "250 a day
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document.write( "(a)  The revenue is  R = 200 meals * 20 dollars.\r\n" );
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document.write( "     The total cost for the restaurant is  C = 200 meals * 10 dollars + 1750 dollars.\r\n" );
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document.write( "     The profit is  R - C = 200*20 - (200*10 + 1750) = 250 dollars.\r\n" );
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document.write( "(b)  The average cost of the meal is   = 18.75 dollars per meal.\r\n" );
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document.write( "(c)  By how much would the average cost of a meal fall =  = 1.75 dollars per meal.\r\n" );
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