Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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 breakeven on the one and only cost of the event, a fitness bag with the community seal and the event moto, "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 1700 0

100 1700 500

200 1700 1200

300 1700 2700

400 1700 5200

500 1700 9000

600 1700 15000

700 1700 23800

800 1700 36800

900 1700 55800

1000 1700 8300

a) Complete the table.

b) You will charge an entry fee of $15 per participant. Determine the breakeven quantity of bags you must order. Remember orders must be in blocks of 100.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding The Law

Authors: Donald L Carper, John A McKinsey, Bill W West

5th Edition

0324375123, 9780324375121

More Books

Students also viewed these Economics questions