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A University Is Planning a Seminar

question 57

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A university is planning a seminar. It costs $3000 to reserve a room, hire an instructor, and bring in the equipment. Assume it costs $25 per student for the administrators to provide the course materials. If we know that 20 people will attend, what price should be charged per person to break even?


Definitions:

Offspring

The direct descendants or young produced by an organism, either through sexual or asexual reproduction.

Dispersal Pattern

The way in which individuals in a population space themselves out over their environment, influencing population dynamics and community structure.

K-selected

Characterizes species that produce fewer offspring, with a larger investment in each, typically adapting to stable environments where competition is strong.

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