The Public Budgeting and Finance Association is planning its annual conference. The conference hotel has quoted the following prices for services:

Thursday afternoon

^{Conference facilities rental: $425}

^{Coffee-break service: $10 per person}

^{Audiovisual equipment rental: $55}

^{Evening reception: $25 per person}

Friday

^{Conference facilities rental: $750}

^{Coffee-break service, morning and afternoon: $15 per person}

^{Continental breakfast: $15 per person}

^{Luncheon: $20 per person}

^{Audiovisual equipment rental: $150}

Sat morning

^{Conference facilities rental: $375}

^{Continental breakfast: $15 per person}

^{Coffee-break service: $10 per person}

^{Audiovisual equipment rental: $75}

Program materials and marketing would cost about $550. The association charged $130 for each participant last year and would like to use the same price this year.

a) Determine the break-even attendance level.

b) Suppose the association wanted to encourage student participation by charging a rate that would cover only the costs directly caused by their attendance. What price would you charge?

c) Prepare a budget for the event if you expect 110 people to attend.