Suppose they sell tickets for $100 per person and the catering company charges $25 per person in variable costs. How many tickets must the museum sell in order to break even? Not yet answeredPoints out of 9.00 Flag question Question text Now, suppose that the museum estimates, based on past events, that they will sell 250 tickets. What is the breakeven price (assuming fixed and variables costs are the same)? Points out of 9.00 Flag question Question text Now, imagine that the museum was able to negotiate a better rate from the catering company. In exchange for a contract for future events, the catering company reduced its per person cost by 20%. Assuming 250 tickets are sold, what is the new breakeven ticket price?

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Lets break down each scenario step by step 1 Breakeven Point Calculation Ticket Price 100 Variable C... View the full answer