1.Carrie's Corporate Catering ("Triple-C") provides breakfast, lunch, or dinner for meetings and events held by local businesses and organizations.For each event, Triple-C incurs marginal cost of $10 (MC=$10.00) per attendee.Because MC is constant, average variable cost (AVC) is equal to $10, as well, and because Triple-C engages in cost-plus pricing (i.e. prices for the long run), AVC is also equal to average total cost (AC).Assume the demand for each event is identical, given by the expression, P = 58 - 0.8Q, where Q is the number of attendees for each event, and P is the price charged per attendee. Assume, initially, Triple-C charges a single price per attendee for each event. Given the formula P = 58 - .8Q with a Marginal cost of $10 and Average Variable Cost of $10. Using Single Price, how do you find the markup and profit margin per attendee and the profit per event?

Fl r1al_A.ssl gri m ant - Eu: El Insert Page L nut Farmulas Data ' Farr'rlat a. _ . . . l . l ( ) ( D 3'80\" Anal = E E It)\" 2'} 9.\"me General I: I .5 3" ('L\" \"X I\" Zmnlum 1%? p P EECOW ' C I" lF D Cll I Del' F34 .Fi\" c &F'd& aste _ B I U . E : : (.E 92 _, l'v'lEl'EEEiCEntEI 96 , a nu ontltlona olmat a: a nsert ete rmat _o|t ' ll't - v Format \"BMW _ J $ '9 Fulmatllng Tahiti 5mg; - - - 9 Clea" Filter Seled' Clipboard ii Font ii Alignment Number Styles Cells Editing Text Box 2 ' 5 fr A A | El | C I D | E | F G | H | J I K I L I an h. With a single prise, what is TripieAC's markup and prot margin per attendee? [2 pts.) 31 32 33 34 35 33 .1 33 c. With a single prise. what is Triple-C's prot per event? [2 pls.) 33 Note: Enter a ton'rIulawusIng Intom'latlon abouerrto calculate prot. GD 41 42 43 an E {E r1 Suppose TripleJC is con sidering an alternative pricing scheme. in which the company would charge 542.50 per attendee for the rst 10 attendees, 527.50 per attendee for the next 20 attendees, IE 512.50 per attendee for the next 20 attendees. and 55 for all remaining attendees [i.e. set price equal to marginaloost for each attendee exceeding 50 in number). g In other words, Triple-C would engage in block pricing, a form of second-degree price discrimination. 50 5i d. Under this pricing scheme. how many attendees would beat each event and what would be 1riple-C's prot per event? [4 pts.) 52 i Attendees per event: :3 51 Profit per event: 55 Pmbleml Problem2 I ProblemS I Problemd I 6-) 5 1| Mlllllwllllil