ANSWER WITH COMPLETE SOLUTION: A particular university was considering whether to offer...
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A particular university was considering whether to offer a seminar for executives. The tuition would be USD 650 per person. Variable costs, including meals, parking, and materials, would be USD 80 per person. Certain costs offering the seminar Including advertising, instructors' fees, room rent, audiovisual equipment rent would not be affected by the number of people attending Such costs. which could be thought of as fixed costs amounted to USD 8,000 for the seminar.
Given this information. If the school wanted at least to break even on this program, how many students should they expect to attend?
Given this information. If the school wanted at least to break even on this program, how much revenue should they expect?
If the university wants to have a profit of USD 7,000, how much revenue should they expect?
THESE ARE MULTI-PART QUESTIONS, NOT MULTIPLE QUESTIONS I HOPE U ANSWER IT ALL THANKS.
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