Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

0. Organizers of an Internet training session will charge participants $250 to attend. It costs $3600 to reserve the room, hire the instructor, bring in

image text in transcribed
0. Organizers of an Internet training session will charge participants $250 to attend. It costs $3600 to reserve the room, hire the instructor, bring in the equipment, and advertise. Assume it costs $100 per student for the organizers to provide the course materials. (35 pts) a. Write an expression (function) for total cost, total revenue and total profit. b. How many students would have to attend for the company to break even? c. If the trainers think, realistically, that 25 people will attend, then what price should be charged per person for the organization to break even

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions