Use the information below to answer the following question(s) .Big Sports University is planning to hold a fund raising banquet at one of the local country clubs.It has two options for the banquet:
1.Foothills Country Club
2.Downhill Country Club
Big Sports has budgeted $900 for administrative and marketing expenses.It plans to hire a band, which will cost another $400.Tickets are expected to be $40 per person.Any other items required for the event will be donated by its local business supporters.
-What is the break-even point in tickets sold of option one?
Definitions:
Marginal Products
The additional output that is produced by employing one more unit of a specific input, while keeping other inputs constant.
Exponents
mathematical operations denoting how many times a number, the base, is multiplied by itself.
Marginal Products
The increase in output resulting from a one-unit increase in the quantity of a single input, keeping others constant.
Exponents
Mathematical notation indicating the number of times a number (the base) is multiplied by itself.
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