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(15 pts) The Newark Museum is planning its annual fundraiser. The event committee has developed the following budget for the event. 3. Ballroom rental Entertainment

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(15 pts) The Newark Museum is planning its annual fundraiser. The event committee has developed the following budget for the event. 3. Ballroom rental Entertainment Printing Food Decorations $2,900 $4,500 S600 plus $9 per guest $29 per guest $700 plus $5 per guest The committee expects 3,000 people will attend the event. a) Compute the fixed and variable costs of the event. b) Prepare the cost function. c) If the Newark Museum charges $100 per person, how much money will be raised by this event

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