Micromedia offer 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 $ 600 per student. The cost for the conference room, instructor compensation, lab assistants, and promotion is $ 9600. Micromedia rent computers for its seminars at a cost of $ 60 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. C. Micromedia have 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.

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Computation of the following a If x represents the total number of students enroll in ... View the full answer