What is an average cost for an independent caterer?
The average cost of a wedding caterer is very dependent upon the number of guests you will be having and the venue and state your wedding will be located. For example the average wedding caterer cost for 200 people in califronia is $12,000. While the average cost for 150 people is $9,000. You can use the wedding budget calculator in the related links section to better answer your question.
The average cost is the total cost of production of x units of the product divided by x. Marginal cost refers to the additional amount required to produce the x+1th unit. This does not have to be the average of the cost of x units. For example if a company can produce 1000 products a day for $5000, the average cost is $5. But to make 1001 products per day it may not be possible…
Does marginal cost curve always intersect the average cost curve at the average cost curve's lowest point?
When the marginal cost is below the average total costs or the average variable costs,then the AC would be declining.When marginal cost is above the average cost then the average cost would be increasing.Therefore the marginal cost should intersect with the average cost at the lowest point in order to pull the average cost upwards.
Total Cost (T) = Fixed Cost (F) plus Variable Cost (V) or T = F + V. The dependent variable is T because as F & V change, T depends on the values of F & V. The independent variables (plural; two) are F & V. F and V change independent of T. You can also think of the above as cause (independent) and effect (dependent). The cause of F & V changing has the…
The catering business is one of the most money-spinning and profitable home businesses with a high potential for expansion and growth. Catering is one of the most important considerations a client uses in the decision-making process. It is crucial that the caterer is reliable. When selecting a caterer who has been in business for a long time, the caterer need not make false promises.
The cost of a banquet depends on many things: the place of the banquet, the number of people served, the foods that are served, etc. The only way to get an accurate price for a banquet is to discuss the details with the places you are considering having the banquet, or if you are having the banquet at your home, the caterer.