You are serving as the chair for your community's annual wellness campaign. A key event is the annual Walk 3k, Run 10k, Ride 20k event. The event is staged entirely by volunteers and the goal is to attract community-wide awareness of getting active as a key step to wellness. In other words, the goal is not to raise money, but to prompt awareness. As the chair, you set a financial goal to break even on the one and only cost of the event, a fitness bag with the community seal and the event motto, “I AM ON THE RIGHT TRACK!”
The cost of the bags, which must be ordered in batches of 100, are:
Bags/
Participants
Fixed Cost
Variable Cost
Total Cost
Marginal Cost
0
$1,700
$ -
100
$500
$2,200
[a]
200
$1,200
$2,900
[b]
300
$2,700
$4,400
[c]
400
$5,200
$6,900
[d]
500
$9,000
$10,700
[e]
600
$15,000
$16,700
[f]
700
$23,800
$25,500
[g]
800
$36,800
$38,500
[h]
900
$55,800
$57,500
[i]
1,000
$83,000
$84,700
[j]
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