2) You are serving as the chair for your communitys annual wellness campaign. A key event is the annual Walk 3k, Run 10k, Ride 20k event. The event is staged entirely by volunteers and the goal is to attract community wide awareness of getting active as a key step to wellness. In other words, the goal is not to raise money, but to prompt awareness. As the chair you set a financial goal to breakeven on the one and only cost of the event, a fitness bag with the community seal and the event moto, I AM ON THE RIGHT TRACK! The cost of the bags, which must be ordered in batches of 100, are:

Bags /Participants	Fixed Cost	Variable Cost	Total Cost	Average Variable Cost	Marginal Cost	Total Revenue wt Price $20	Marginal Revenue	Total Profit
0	1700	0	1700
100	1700	500	2200				20
200	1700	1200	2900				20
300	1700	2700	4,400				20
400	1700	5200	6,900				20
500	1700	9000	10,700				20
600	1700	15000	16,700				20
700	1700	23800	25,500				20
800	1700	36800	38,500				20
900	1700	55,800	57,500				20
1000	1700	83000	84,700				20

a) If this was a profit-making activity, at the entry fee of $20, what would be the profit maximizing quantity of participants/bags.

b) Use the information in the table to determine the exact breakeven quantity of participants/bags for the entry fee of $20. Use the formula Qb = F/(P AVC).