Question:
Cleveland Recreation Center is planning its annual fundraiser. The event committee has developed the following budget for the event.
Ballroom rental $2,900
Entertainment $4,500
Printing $600 plus $9 per guest
Food $29 per guest
Decorations $700 plus $5 per guest
The committee expects 3,000 people will attend the event.
Required:
A) Compute the fixed and variable costs of the event.
B) Prepare the cost function.
C) If Cleveland Recreation charges $100 per person, how much money will be raised by this event?