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Chapter 4 Homework

Chapter 4 Homework

Q The Council Bluffs Historical Museum is thinking about bringing a new exhibit to the museum. It will cost $50,000 to bring the exhibit to town, an additional $12,000 for lighting and security equipment. The owners of the exhibit require a $5,500 insurance policy. The manager of the museum thinks that she can charge $12 per person to see the exhibit. She estimates that 350 people per day will come to see the exhibit. The cost for additional security guards is $1000 per day. The cost of additional power to operate the lights and security equipment will increase by $100 per day power and added custodial services are $400 per day. Answer questions 1,2, and 3 based on this information.

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The Council Bluffs Historical Museum is thinking about bringing a new exhibit to the museum. It will cost $50,000 to bring the exhibit to town, an additional $12,000 for lighting and security equipment. The owners of the exhibit require a $5,500 insurance policy. The manager of the museum thinks that she can charge $12 per person to see the exhibit. She estimates that 350 people per day will come to see the exhibit. The cost for additional security guards is $1000 per day. The cost of additional power to operate the lights and security equipment will increase by $100 per day power and added custodial services are $400 per day. Answer questions 1,2, and 3 based on this information. What is the total fixed cost of the exhibit?