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You are serving as the chair for your community's annual wellness campaign. A key event is the annual Walk 3k, Run 10k, Ride 20k event.
- You are serving as the chair for your community's annual wellness campaign. A key event is the annual Walk 3k, Run 10k, Ride 20k event. The event is staged entirely by volunteers and the goal is to attract community-wide awareness of getting active as a key step to wellness. In other words, the goal is not to raise money, but to prompt awareness. As the chair, you set a financial goal to break even on the one and only cost of the event, a fitness bag with the community seal and the event motto, I AM ON THE RIGHT TRACK!
The cost of the bags, which must be ordered in batches of 100, are:
Bags | Fixed Cost | Variable Cost | Total Cost | Marginal Cost |
0 | $1,700 | $ - | $1,700 |
|
100 | $1,700 | $500 | $2,200 |
|
200 | $1,700 | $1,200 | $2,900 |
|
300 | $1,700 | $2,700 | $4,400 |
|
400 | $1,700 | $5,200 | $6,900 |
|
500 | $1,700 | $9,000 | $10,700 |
|
600 | $1,700 | $15,000 | $16,700 |
|
700 | $1,700 | $23,800 | $25,500 |
|
800 | $1,700 | $36,800 | $38,500 |
|
900 | $1,700 | $55,800 | $57,500 |
|
1,000 | $1,700 | $83,000 | $84,700 |
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