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Solve the linear programming problem.
-A summer camp wants to hire counselors and aides to fill its staffing needs at minimum cost. The average monthly salary of a counselor is $2400, and the average monthly salary of an aide is $1100. The camp can
Accommodate up to 35 staff members and needs at least 20 to run properly. The camp must have at least 10
Aides and may have up to 3 aides for every 2 counselors. How many counselors and how many aides should the
Camp hire to minimize cost?
Contribution Margin Ratio
The percentage of each sales dollar remaining after variable costs have been subtracted, indicating how much contributes to covering fixed costs and generating profit.
Fixed Costs
Costs that do not vary with the level of production or sales, including rent, salaries, and insurance premiums.
Break-even
The point at which total costs and total revenues are equal, resulting in no net loss or gain for a business.
Sales
The total revenue generated from selling goods or services over a certain period.
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