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James and Jennifer are organizing an event and they are thinking of chartering a bus to take people. They are providing transportation, tickets to the
James and Jennifer are organizing an event and they are thinking of chartering a bus to take people. They are providing transportation, tickets to the event, and refreshments on the bus. They predicted the following expenses: Bus rental $ Event ticket $ per person, Gas expense $ Refreshments $ per person, Other fuels $ and Bus driver $ They believe that they could attract people at $ per ticket.
The total fixed costs and total variable costs are
$$
ii$$
iii $$
iv $$
Their total profit or loss is
$
ii$
iii $
iv$
The number of people that they need to attract to break even is
ii
iii
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