Question

Suppose I open my bakery in a town of 25,000 households. Each household buys 2 loaves...

Suppose I open my bakery in a town of 25,000 households.

Each household buys 2 loaves of fresh bread per week.

I estimated I can gain 1% market share. Please match the following:

The total number of loaves demanded by the town per week

Answer 1Choose...10012050050,000

The total number of loaves I would sell every week I achieve 1% market share

Answer 2Choose...10012050050,000

The total number of loaves of bread I would have to sell per day, on average assuming I am open only on weekdays.

Answer 3Choose...10012050050,000

The number of weeks it would take me to break even if I priced my bread a $7 based upon your calculations from the previous questions

Answer 4Choose...10012050050,000

The number of weeks it would take me break even if I priced my bread at $6 based upon your calculations from the previous questions

Choose:

100

120

500

50000

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