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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.

  1. 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 ofthe event, a fitness bag with the community seal and the event moto, "I AM ON THE RIGHTTRACK!

The cost of the bags, which must be ordered in batches of 100, are:

Bags

Fixed Cost

Variable Cost

Total Cost

Average Variable Cost

Marginal Cost

Total Revenue wt Price $15

Marginal Revenue

0

1700

0

1700

100

1700

500

2200

200

1700

1200

2900

300

1700

2700

4400

400

1700

5200

6900

500

1700

9000

10700

600

1700

15000

16700

700

1700

23800

25500

800

1700

36800

38500

900

1700

55800

57500

1000

1700

83000

84700

  1. Complete the table. If this was a profit-making activity,atthe entry fee of$15, what would be the profit maximizing quantity ofbags.
  2. You will charge an entry fee of$15 per participant. Determine the breakeven quantity ofbags.

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