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Your organization is planning to host a 3-on-3 Celebrity Basketball Tournament. Your Arena holds 23,000 people at capacity. You would have fixed cost of $500,000

Your organization is planning to host a 3-on-3 Celebrity Basketball Tournament. Your Arena holds 23,000 people at capacity. You would have fixed cost of $500,000 and you have calculated your variable cost at $14 per person. If you sold out, at what price would you break even? You did a survey and at best the average price you expect to get is $27.99, what advice do you have for your boss?

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