Refer to the data given in the preceding exercise. (Ignore income taxes.)

Required:

1. Prepare a fully labeled profit-volume graph for the Dallas Armadillos.
2. What is the safety margin for the baseball franchise if the team plays a 10-game season and the team owner expects the stadium to be 45 percent full for each game?
3. If the team plays a 1 0-game season and the stadium is 40 percent full for each game, what ticket price would the team have to charge in order to break even?