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Midterm Project on Math 134 Business Calculus Project Due: 07 Apr 2017 Overview The company you are working for has decided to put on a

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Midterm Project on Math 134 Business Calculus Project Due: 07 Apr 2017 Overview The company you are working for has decided to put on a banquet to raise money for a charity and must decide between two catering services to supply the food and servers. You have been assigned to the Banquet Planning Committee. You should work in a team with up to 6 members, each bringing their own individual strengths to the group. You will submit your work, neatly hand-written and clearly labelled. You must use algebra to solve the problems (not graphing calculator features). To best maintain accuracy, round only your final answers. Simplify completely. Research Provided: The Company's research department has provided the following estimates. > A demand of 230 banquet attendees can be expected at a dinner plate price of $80.00 each. A demand of 370 banquet attendees can be expected at a dinner plate price of $45.00 each. Catering Service A has a fixed cost of $1,900 and a marginal cost of $30 for each plate. Catering Service B has a fixed cost of $3,000 and a marginal cost of $22 for each plate. Costs for both caterers include the food, drinks, plates, utensils, tablecloths, glasses, crew, and cleanup. Dinner plates will only be sold as an entire unit. To justify company resources and to ensure the event will benefit the charity, the CEO insists the tickets be sold for no less than $40. All profits will go toward a charity of the committee's choosing. Additional spontaneous donations to the charity will be accepted the night of the banquet. Studies estimate that 5% will give $5, 23% will give $20, 18% will give $50, 7% will give $100, and 2% will give $500

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