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USE THE FOLLOWING INFORMATION FOR THE NEXT 2 QUESTIONS: Queens College is planning to hold a fundraising banquet at one of the local country clubs.
USE THE FOLLOWING INFORMATION FOR THE NEXT 2 QUESTIONS: Queens College is planning to hold a fundraising banquet at one of the local country clubs. It has two options for the banquet: OPTION 1: Crestview Country Club a. Fixed rental cost of $1,000. b. $12 per person for food. OPTION 2: Tallgrass Country Club a. Fixed rental cost of $3,000. b. A caterer who charges $8.00 per person for food. The Selling Price of tickets are expected to be $30 per person. 34. How many units will be sold at the point of indifference? A. 400 units B. 500 units C. 600 units D. 700 units 35. Which option is better above the point of indifference? 10 A. Both options have the same net income above the point of indifference. B. Option #1 has the higher net income above the point of indifference. C. Option #2 has the higher net income above the point of indifference. D. There is not enough information to make this decision
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