You are serving as the chair for your community's annual wellness campaign.  A key event is the annual Walk 3k, Run 10k, Ride 20k event.  The event is staged entirely by volunteers and the goal is to attract community-wide awareness of getting active as a key step to wellness.  In other words, the goal is not to raise money, but to prompt awareness.  As the chair, you set a financial goal to break even on the one and only cost of the event, a fitness bag with the community seal and the event motto, “I AM ON THE RIGHT TRACK!” The cost of the bags, which must be ordered in batches of 100, are: Bags Fixed Cost Variable Cost Total Cost Marginal Cost 0 $1,700 $ - $1,700   100 $1,700 $500 $2,200   200 $1,700 $1,200 $2,900   300 $1,700 $2,700 $4,400   400 $1,700 $5,200 $6,900   500 $1,700 $9,000 $10,700   600 $1,700 $15,000 $16,700   700 $1,700 $23,800 $25,500   800 $1,700 $36,800 $38,500   900 $1,700 $55,800 $57,500   1,000 $1,700 $83,000 $84,700

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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You are serving as the chair for your community's annual wellness campaign.  A key event is the annual Walk 3k, Run 10k, Ride 20k event.  The event is staged entirely by volunteers and the goal is to attract community-wide awareness of getting active as a key step to wellness.  In other words, the goal is not to raise money, but to prompt awareness.  As the chair, you set a financial goal to break even on the one and only cost of the event, a fitness bag with the community seal and the event motto, “I AM ON THE RIGHT TRACK!”

The cost of the bags, which must be ordered in batches of 100, are:

Bags

Fixed Cost

Variable Cost

Total Cost

Marginal Cost

0

$1,700

$ -

$1,700

 

100

$1,700

$500

$2,200

 

200

$1,700

$1,200

$2,900

 

300

$1,700

$2,700

$4,400

 

400

$1,700

$5,200

$6,900

 

500

$1,700

$9,000

$10,700

 

600

$1,700

$15,000

$16,700

 

700

$1,700

$23,800

$25,500

 

800

$1,700

$36,800

$38,500

 

900

$1,700

$55,800

$57,500

 

1,000

$1,700

$83,000

$84,700

 

 

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