1. 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 Excel in statistical analysis. The projected fee for the seminar is $300 per student. The cost for the conference room, instructor compensation, lab assistants, and promotion is $4800. Micromedia rent computers for its seminars at a cost of $30 per computer per day.

a. Develop a model for the total cost to put on the seminar. Let xrepresent the number of students who enroll in the seminar.

b. Develop a model for the total profits if x students enroll in the seminar.

c. Micro-media has forecasted an enrollment of 30 students for the seminar. How much profit will be earned if their forecast is accurate?

d. Compute the breakeven point.