Question 4 (1 point) A university is planning to hold an event at a local venue, which will charge a fixed rental fee of $570 for the event plus $14.90 per guest for food. The university has budgeted $815 for administrative and marketing expenses. It plans to hire a band, which will cost another $405. Tickets are expected to sell for $38.30 per guest. Ignore taxes. What is the degree of operating leverage if 241 guests attend? 1.43 1.47 1.50 1.54 1.57 Page 4 of 30 Previous Page Next Page tiens saved