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Check my work Rooney Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of
Rooney Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $75,000 per co
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Answer #1
A
Number attending 10000 10500 11000 11500 12000
Total cost of concert 75000 75000 75000 75000 75000
Cost per person 7.50 7.14 6.82 6.52 6.25
B
Since the cost of hiring a band remains at $75,000 regardless of the number attending. It is a fixed cost.
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