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Micromedia offers computer training seminars on a variety of topics. In the seminars each student works at a personal computer, practicing the particular activity that
Micromedia offers computer training seminars on a variety of topics. In the seminars each student works at a personal computer, practicing the particular activity that the instructor is presenting. Micromedia is currently planning a twoday seminar on the use of Microsoft Excel in statistical analysis. The projected fee for the seminar is $ pe student. The cost for the conference room, instructor compensation, lab assistants, and promotion is $ Micromedia rents computers for its seminars at a cost of $ per computer per day.
a Develop a model for the total cost to put on the seminar. Let represent the number of students who enroll in the seminar.
b Develop a model for the total profit if students enroll in the seminar.
c Micromedia has forecast an enrollment of students for the seminar. How much profit will be earned if their forecast is accurate?
$
d Compute the breakeven point.
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