Final answer:
To find the total monthly revenue for Shannon's brewery, multiply the number of customers (1,750) by the frequency of visits (2 visits/month) and the amount spent per visit ($31), resulting in a total monthly revenue of $108,500.
Step-by-step explanation:
To calculate the total monthly revenue generated by Shannon's brewery, we need to multiply the number of customers by the frequency of their visits and the amount spent each visit. Shannon's brewery has 1,750 customers who visit on average twice a month, spending $31 per visit.
The calculation would be:
- Number of customers: 1,750
- Visits per month: 2
- Amount spent per visit: $31
So the total monthly revenue (R) is:
R = Number of customers × Visits per month × Amount spent per visit
R = 1,750 × 2 × $31
R = $108,500 per month
Therefore, Shannon's brewery generates $108,500 in monthly revenue.