Question: Problem 3: Two new rides are being compared by a local amusement park in terms of their annual operating costs. The two rides would generate

 Problem 3: Two new rides are being compared by a local

Problem 3: Two new rides are being compared by a local amusement park in terms of their annual operating costs. The two rides would generate the same level of revenue (thus the focus on costs). Alternative-l has fixed costs of $10,000 per year and variable costs of $2.50 per visitor. Alternative-2 has fixed costs of $4000 per year and variable costs of $4 per visitor. (a) Mathematically find the number of visitors per year for the two rides to have equal annual costs. (b) Develop a breakeven graph to show: Accurate total cost lines for the two alternatives (show line, slopes, and equations). The breakeven point for the two rides in terms of number of visitors

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