Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Open Range Zoo is a major zoo displaying native animals and exotic animals from all over the world. The entrance fee is $110 per person.
Open Range Zoo is a major zoo displaying native animals and exotic animals from all over the world. The entrance fee is $110 per person. Variable costs of running the park are $65 per visitor and fixed costs are $1,600,030 per annum. What is the number of visitors that would be needed to make a profit of $350,000 per annum? (round to the nearest whole number)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started