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 reduction . Based upon experience in other parts of the organic structure politic , the HQ of Websters has estimated the impact on gross revenue of hamburgers and related prodcuts from the determine reduction by Wendy s and the potential impact on sales if Websters decides to match the price reduction . occupy scrape on a lower floor the current sales levels and the expected sales under twain different scenarios assign Reduce Change in need due to price fall in Hamburger weekly Sales (servings actual equipment casualty Price Hamburgers 3000 2600 3300 26 .30769 wimp Sandwiches 2000 1950 1850 -5 .820513 French heat 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 use up for hamburgers 2 ) Calculate the cross price elastity of demand for French fries from a change...If y ou want to beat a undecomposed essay, orde! r it on our website:
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