3. DETERMINE THE SUBSIDY RATE FOR ONE HOUR OF POOL TIME FOR EACH OF THE PROGRAMS. ASSUME A 10% CONTINGENCY COST ASSOCIATED WITH THE FACILITY.

P = price

F = fixed costs

V = variable costs

C = contingency costs

N = demand

S = subsidy rate

Unit cost = answer to 2.2

S = negative number if program to make profit

S = 0 if breakeven

S = positive number if subsidized

P = ((F + V + C[F + V])/N) (1 S)

OR

P = Unit cost x (1 S) ** ok to use this one

PLEASE HELP ANSWER QUESTION 3 AND 4.

3. Determine the cost for one hour of pool time for the elite swim team program.

4. Determine the cost for one hour of pool time for the lap swim program.