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14. Three college students are considering operating a tutoring business in economics. This business would require that they give up their current jobs at the stu- dent recreation center, which pay $6,000 per year. A fully equipped facility can be leased at a cost of $8,000 per year. Additional costs are $1,000 a year marginal-cos 17. It requires a CD. The bar forth. The re music perfom created, it co CDs. Draw business. = The Costs of Doing Business 501 for insurance and $.50 per person per hour for materi- als and supplies. Their services would be priced at $10 per would be pric hour per person. a. What are fixed costs? b. What are variable costs? c. What is the marginal cost? d. How many student-hours would it take to break even