In a recent news article in Business Insider, estimates of the various costs associated with putting on a show during New York Fashion Week were listed. These cost estimates are listed below:

* Rent $0 to $100,000

* Hair and makeup: $0 to $100,000

* Stylist: $5,000 to $20,000

* Public relations: $10,000 to $20,000

* Models: $0 to $200,000

* Lighting: $10,000 and higher

* Invitations: $5,000 and higher

Required: In a response of 350-400 words, choose one of the following questions and post your response::

1) Prepare a budget for an imaginary fashion show at New York Fashion Week. Select an estimate for each cost within the range given. Justify each estimate by describing the assumptions you are making about your imaginary fashion show. You can refer to the original article in Business Insider for additional information about the costs.

2) How much is your imaginary show budgeted to cost? Compare the budgeted cost of your imaginary show to the budgeted cost of another student in the class. What assumptions differed between you and the other student?