Total costs and unit costs. (15 minutes) Peter Brightwell is a wellknown motivational speaker. The Tavistock Speaker's Bureau wants Brightwell to be the sole speaker at an all-day seminar. Brightwell’s agent offers Tavistock the choice of three possible fee arrangements:

® Schedule 1: EUR 8,000 fee ® Schedule 2: EUR 20 per person + EUR 2,000 fixed fee ® Schedule 3: EUR 50 per person Each attendee will be charged a EUR 200 fee for the all-day seminar.
REQUIRED 1. What is Tavistock’s fixed cost and variable cost for hiring Brightwell under each alternative schedule?
2. For each schedule, calculate the total cost and unit cost per seminar attendee if

(a) 50 attend,

(b) 200 attend, and

(c) 500 attend. Comment on the results.  l01