Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Company A is running a dancing course that costs $5000 per offering, regardless of class size. The demand rate for this course is constant at
Company A is running a dancing course that costs $5000 per offering, regardless of class size. The demand rate for this course is constant at 5 students per month. To motivate students to join the course, Company A promises to pay each student $100/week if they are able to graduate with a certificate. How many classes should be offered each year? Round up your answer to nearest integer. Hint: You need to trade off the fixed cost of offering the dancing course with the variable cost of paying the students upon completion. Assume 52 weeks per year
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started