Micromedia offers computer training seminars on variety of topics. In the semina

Question

Micromedia offers computer training seminars on variety of topics. In the seminars each student
works at a personal computer, practicing the particular activity that the instructor is presenting.
Micormedia is currently planning a two-day seminar on the use of Microsoft Excel in statistical
analysis. The projected fee for the seminar is $300 per student. The cost for the conference room,
instructor compensation, lab assistants, and promotion is $4800. Micromedia rents computers for
its seminars at a cost of $30 per computer per day.

Explanation / Answer

a. total cost=4800+30*2*x=4800+60x b. total profit=revenue-cost=300x-(4800+60x)=240x-4800 c. if 30 students enrolled, then profit=240*30-4800=7200-4800=2400 d. 240x-4800=0 x=4800/240=20 break-even point is 20, that is, if there are 20 students enroll, then profit will be 0.

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