Lakeshore Cinemas is considering a contract to rent a movie for $1,980 per day. The contract requires a minimum one-week rental period. Estimated attendance is as follows:

Monday	Tuesday	Wednesday	Thursday	Friday	Saturday	Sunday
450	300	200	550	1,000	1,000	500

Required

Determine the average cost per person of the movie rental contract separately for each day.

Suppose that Lakeshore chooses to price movie tickets at cost as computed in Requirement a plus $3. What price would it charge per ticket on each day of the week?

Use weekly averaging to determine a reasonable price to charge for movie tickets.