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Southwestern College is planning to hold a fund raising banquet at one of the local country clubs. It has two options for the banquet: OPTION
Southwestern College is planning to hold a fund raising banquet at one of the local country clubs. It has two options for the banquet:
OPTION one: Crestview Country Club
a Fixed rental cost of $
b $ per person for food
OPTION two: Tallgrass Country Club
a Fixed rental cost of $
b $ per person for food
Southwestern College has budgeted $ for administrative and marketing expenses. It plans to hire a band which will cost another $ Tickets are expected to be $ per person. Local business supporters will donate any other items required for the event.
Which option has the lowest breakeven point?
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Part
A
Option one
B
Option two
C
Both options have the same breakeven point.
D
The lowest breakeven point cannot be determined.
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