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1-18 Katherine D'Ann is planning to finance her college education by selling programs at the football games for State University. There is a fixed cost of $400 for printing these programs, and the variable cost is $3. There is also a $1,000 fee that is paid to the univer- sity for the right to sell these programs. If Katherine was able to sell programs for $5 each, how many would she have to sell in order to break even?

1-18 Katherine D'Ann is planning to finance her college education by selling programs at the football games for State University. There is a fixed cost of $400 for printing these programs, and the variable cost is $3. There is also a $1,000 fee that is paid to the univer- sity for the right to sell these programs. If Katherine was able to sell programs for $5 each, how many would she have to sell in order to break even?

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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: 1-18 Katherine D'Ann is planning to finance her college education by selling programs at the football games for State University. There is a fixed cost of $400 for printing these programs, and the variable cost is $3. There is also a $1,000 fee that is paid to the univer- sity for the right to sell these programs. If Katherine was able to sell programs for $5 each, how many would she have to sell in order to break even? : 1-19 Katherine D'Ann, from Problem 1-18, has become concerned that sales may fall, as the team is on a ter- rible losing streak, and attendance has fallen off. In fact, Katherine believes that she will sell only 500 programs for the next game. If it was possible to raise the selling price of the program and still sell 500, what would the price have to be for Katherine to break even by selling 500?
Transcribed Image Text:: 1-18 Katherine D'Ann is planning to finance her college education by selling programs at the football games for State University. There is a fixed cost of $400 for printing these programs, and the variable cost is $3. There is also a $1,000 fee that is paid to the univer- sity for the right to sell these programs. If Katherine was able to sell programs for $5 each, how many would she have to sell in order to break even? : 1-19 Katherine D'Ann, from Problem 1-18, has become concerned that sales may fall, as the team is on a ter- rible losing streak, and attendance has fallen off. In fact, Katherine believes that she will sell only 500 programs for the next game. If it was possible to raise the selling price of the program and still sell 500, what would the price have to be for Katherine to break even by selling 500?
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