The Houston Armadillos, a minor-league baseball team, play their games in a small stadium just outside Houston. The stadium holds 10,000 people and tickets sell for $10 each. The franchise owner estimates that the teams annual fixed expenses are $180,000, and the variable expense per ticket sold is $8. (In the following requirements, ignore income taxes).

5. Assume that the team plays 60 home games per season and that the owner expects the stadium to be half full for each game. What ticket price should the team charge to break even? What ticket price should the team charge to make an annual operating income equal to ten percent of annual dollar ticket sales?

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