How to determine the Y and X and how to come up with the answer be what is 100 multiply 1000 and why we add it

26) Atlanta Senior Center is planning its annual fundraiser. The event committee has developed the following budget for the event. Ballroom rental Entertainment Printing Food Decorations $3,000 $2,500 $600 plus $9 per person $30 per person $700 plus $5 per person Required: A) Determine the cost function. B) If Atlanta Senior Center charges $100 per person, and 1,000 people attend, how much profit will be derived by this event? Answer: A) Fixed cost $3,000+ $2,500 $600 +$700-s6,800 Variable cost $9+$30+ $5-$44 per person Y $6,800+$44X Where: Y Total cost of fundraiser X = Number of attendees B) ($100 x 1,000)- I$6,800 ($44 x 1,000)]-$49,200 Diff: 2 LO: 3-2 AACSB: Analytic skills Learning Outcome: Define and distinguish between variable, fixed and mixed costs 3.3 Questions