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 $675 per student. The cost for the conference room, instructor compensation, lab assistants, and promotion is $9,100. Micromedia rents computers for its seminars at a cost of $50 per computer per day.
| (a) |
Develop a model for the total cost to put on the seminar. Let x represent the number of students who enroll in the seminar. |
| (b) |
Develop a model for the total profit if x students enroll in the seminar. |
| |
For subtractive or negative number use a minus sign even if there is a + sign before the blank. (Example: -300) |
| (c) |
Micromedia has forecasted an enrollment of 30 students for the seminar. How much profit will be earned if its forecast is accurate? |
| (d) |
Compute the breakeven point. |