Micromedia offers computer training seminars on a variety of topics. In the seminars each student works at a personal computer, practicing the particular activity that the instructor is presenting. Micromedia is currently planning a two-day seminar on the use of Microsoft Excelin statistical analysis. The projected fee for the seminar is $600 per student. The cost for the conference room, instructor compensation, lab assistants, and promotion is $10,850. Micromedia rents computers for its seminars at a cost of $125 per computer per day.(a) Develop a model for the total cost (C) to put on the seminar. Let x represent the number of students who enroll in the seminar.C =(b) Develop a model for the total profit (P) if x students enroll in the seminar.P =(c) Micromedia has forecast an enrollment of 55 students for the seminar. How much profit will be earned if their forecast is accurate?P(55) = $(d) Compute the break-even point.

Answered: Image /qna-images/answer/0e31f358-c73d-4c0e-a21d-687dcac9f865.jpg

Answered: (a) Develop a model for the total cost…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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