Question: The Career Institute is considering adding a new program in cooking. To offer such a program would cost a combined $100,000 in equipment costs and
The Career Institute is considering adding a new program in cooking. To offer such a program would cost a combined $100,000 in equipment costs and additional salaries (both of these are fixed costs). For every student enrolled they incur a materials cost of $300 (this is variable). They expect at least 200 enrollments in the program. To assure they at least break even at 200 enrollments, what is the minimum annual tuition they can charge in the cooking programs?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
