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The Modern Arts Center is thinking about bringing an impressionist exhibit to Saratoga for 30 days. The Center expects 200 people per day to visit the exhibit, each paying the $10 entrance fee. Daily costs for security, extra power, and added custodial services will be $1500. What is the maximum amount that the Center can afford to spend on fixed costs, such as organizing and bringing the exhibit to town, and still break-even? Hint, “break-even quantity” in this problem is measured in days.

1,500

$15,000

20,000

2,000

Financial Management, Finance

  • Category:- Financial Management
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