I have decided to pursue my lifelong dream and become a falafel vendor on the Campus Mall in Madison, Wisconsin.
The business requires a $2,000 investment to become a Certified Falafel Vendor. Furthermore, I must decide whether or not to invest in the economy cart or the deluxe cart. The economy cart costs $3,000 while the deluxe cart costs $5,000. However, the falafel maker on the deluxe cart requires less electricity. As a result, the deluxe cart has a lower variable cost. The cost per falafel is $3.50 and $5.00 for the deluxe and economy carts, respectively.
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