Answer:
Step-by-step explanation:
given that organizers of an Internet training session will charge participants $150 to attend. It costs $3000 to reserve the room, hire the instructor, bring in the equipment, and advertise. Assume it costs $25 per student for the organizers to provide the course materials.
Let us assume x students join.
Then we get revenue = 150 x
costs= fixed costs such as reservation charges, hiring instructor+ variable cost per student
Total cost=3000 +25x
To break even
a) Cost = revenue
[tex]3000 +25x=150x\\125x =3000\\x = 24[/tex]
24 students should be enrolled to break even.
b) If 20 people will attend revenue would be
20(u) where u = charge per participant.
cost = 3000+25(20) = 3500
To break even 20u =3500
Or u = 175
So if 20 people attend 175 dollar per participant should be charged to break even.
