Each additional athlete will cost the school 2500 equipment, Ask an Expert

Economics

Deficit Elimination

Dunston Military Academy has an annual deficit of $250,000. Its 1,000 students pay a tuition of $10,000 each per year. The economics faculty has recommended solving the problem by recruiting additional athletes with $5,000 scholarships. Each additional athlete will cost the school $2,500 (equipment, etc.). Assuming the academy agrees, how many athletes are needed to eliminate the deficit?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M927203

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