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 - 1.2Q, 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.

With a single price, what is Triple-C's profit per event? (2 pts.)

1. How do I find the formula to calculate profit per event?