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Assume that in 2008, you became president of a small non-profit company. Your playhouse has 120 seats and a small stage. Actors have national reputations and demand for tickets is enormous relative to number of seats available; every performance is sold out months in advance. You are elected because you have demonstrated an ability to raise funds successfully. Describe some of decisions that you must make in short run. Illustrate what might you consider to be your "fixed factor"? Illustrate what alternative decisions might you be able to make in long run? Elucidate.

 

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