Question
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!" what is the average variable cost and the margin cost
Bags/ Participants | Fixed Cost | Variable Cost | Total Cost | Average Variable Cost | Marginal Cost | Total Revenue wt Price $20 | Marginal Revenue | Total Profit |
0 | 1700 | 0 | 1700 | 0 | -1700 | |||
100 | 1700 | 500 | 2200 | a | 3a | 2000 | 20 | -200 |
200 | 1700 | 1200 | 2900 | b | 3b | 4000 | 20 | 1100 |
300 | 1700 | 2700 | 4400 | c | 3c | 6000 | 20 | 1600 |
400 | 1700 | 5200 | 6900 | d | 3d | 8000 | 20 | 1100 |
500 | 1700 | 9000 | 10700 | e | 3e | 10000 | 20 | -700 |
600 | 1700 | 15000 | 16700 | f | 3f | 12000 | 20 | -4700 |
700 | 1700 | 23800 | 25500 | g | 3g | 14000 | 20 | -11500 |
800 | 1700 | 36800 | 38500 | h | 3h | 16000 | 20 | -22500 |
900 | 1700 | 55800 | 57500 | i | 3i | 18000 | 20 | -39500 |
1000 | 1700 | 83000 | 84700 | j | 3j | 20000 | 20 | -64700 |
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