Question

The owner of tastee cookies needs to decide whether to lease a small, medium, or large new retail outlet. The owner estimates that monthly profits will vary with demand for cookies as follows: if there is a 30

1) Small retail outlet
2) Medium retail outlet
3) Large retail outlet

Answer 1

The owner needs to decide whether to lease a small, medium, or large retail outlet based on the estimated monthly profits.

Step-by-step explanation:

The owner of tastee cookies needs to decide whether to lease a small, medium, or large new retail outlet. The owner estimates that monthly profits will vary with demand for cookies as follows:

1. If there is a 30% increase in demand, the small retail outlet will generate a monthly profit of $10,000.
2. If there is a 30% increase in demand, the medium retail outlet will generate a monthly profit of $15,000.
3. If there is a 30% increase in demand, the large retail outlet will generate a monthly profit of $20,000.