Lee has received a request to thid on a $120-$guest fund$-$raising cocktail party to be given next munth by an important lecal charity. $($The party would last the usual three hours.$)$ She would reatly tike to win this contract; the glest list fir this charity cvent includes many prominent individuals she woutd like to land as future clients. Lec is confident that these potential customers would be favorably inpressed by her company's services at the charity event.

Required:

Estimate the contribution $10$ profit of a standurd $120-$Euest cockiai$]$ party if Lec charges her usual prise or $$45$ per guest. $($In other kords, by how inuch would her oucrall profit increase?$)$

How low eonuld Lee bid lor the charity event, in terms of a prece per gucst, and still not lose money on the exent ieseli?

The individual who is organizing the charily's fund$-$raising event has indicated that he has at ready received a bid under. $$42$ from another catering company. Do you think Lec should bid below har nomal $$45$ per guest price tor ahe charily event? Why or why me$?$