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Basic equations: Ol= (P-VC) Q-FC NI = 01 (1-t) R=(P) (0) The Toledo Mud Hens baseball team plays 70 home games a season. (We will

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Basic equations: Ol= (P-VC) Q-FC NI = 01 (1-t) R=(P) (0) The Toledo Mud Hens baseball team plays 70 home games a season. (We will ignore pre-season and playoffs for simplicity.) Their stadium has a capacity of about 10,000. Assume that the average ticket price is $15, variable costs are $1., and fixed costs are $6,000,000, which is mostly salaries of players and staff. The tax rate is 25%. What is their break even for the year, in terms of both number of tickets and revenue If they want net income of $1,000,000, what is their: Operating income Number of tickets

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