$23,000 required performance fee for Saturday

You own a comedy club and have a show planned for this coming Saturday night. Expected financial information for Saturday night: Ticket sales:300 tickets (capacity is 700) Ticket price: $34 per ticket Variable costs per ticket: $4 You also have a two drink minimum policy (each customer must pay for two drinks) The average drink price (to the customer) is $10 and the variable cost for each drink is $2. You are considering adding a well-known comedian to the show lineup for Saturday. If you add the comedian, you are sure that you will "sellout" the show (i.e., reach the capacity). If not, you will only sell 300 tickets. Ticket price and variable cost per ticket would remain the same