5. Al and Jane have rented a banquet hall to celebrate their wedding anniversary. Fifty people have...

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5. Al and Jane have rented a banquet hall to celebrate their wedding anniversary. Fifty people have already accepted their invitation. The caterers will charge $5 per person for food and $2 per person for drinks. The band will cost $300 for the evening, and the hall costs $200. Now Al and Jane are considering inviting 10 more people. By how much will these extra guests increase the cost of their party?

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Microeconomics And Behavior

ISBN: 9780073375946

8th Edition

Authors: Robert Frank, David Colander

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