RiverRun Resort is analyzing its pricing strategy for ski passes. The resort incurs fixed costs of $500,000 annually and variable costs per skier of $20. If the resort sells ski passes for $50 each, calculate the breakeven point in terms of the number of skiers required and analyze the implications for pricing strategy.

Calculate the breakeven point in terms of the number of skiers required and analyze the implications for pricing strategy for RiverRun Resort.