The Houston Armadillos. a minor-league baseball team, play their weekly games in a small small stadium just outside Houston. The stadium holds 10,000 people and tickets sell for $ 10 each. The franchise owner estimates that the team’s annual fixed expenses are $180,000. and the variable expense per ticket sold is $1 (In the following requirements. ignore income taxes.)
Required:
1. Draw a cost-volume-profit graph for the sports franchise. Label the axes , break-even point, profit and loss areas. fixed expenses, variable expenses, total-expense line. and total-revenue line.
2. If the stadium is half full for each game, how many games must the team play to break even?
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