ABC Bike is a small seller of both regular and mountain bikes. The company makes a pro t of $25.00 for each regular bike it sells and $45.00 for each mountain bike sold. Each regular bike requires 1 hour to assemble and 1 hour to tune, while each mountain bike requires 1 hour to assemble and 3 hours to tune. Due to its labor constraint, this company can only supply 40 hours of assembling, and 80 hours of tuning per week. Based on past demand, ABC Bike needs to sell at least 10 regular bikes and 5 mountain bikes each week. How many regular and mountain bikes should the company sell to maximize pro ts?

Suppose the price of frozen yogurt, a substitute for ice cream, increases. what happens to equilibrium price and quantity of ice cream? a. the price and quantity of ice cream both increase b. the price and quantity of ice cream both decrease c. the price of ice cream increases and the quantity decreases d. the price of ice cream decreases and the quantity increases

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.

Paying attention to the purpose of her speech, which questions can she eliminate? a. 1 and 2 b. 3 c. 2 and 4 d. 1-4