How could you generate additional revenue

Assignment Help Microeconomics

Reference no: EM133550277

Problem: Golf Scramble

I. Study the revenue and expense information provided in the book. What was the Fund-Raising Golf Scramble event's profit (loss) last year?

II. What was the event's break-even entry fee?

Hint: ? = fixed costs + variable costs - sponsorship.

III. Based on the same number of players and the same amount of sponsorship, how much would they have to increase their entry fee to make a profit of $4,000? What would be your concerns with increasing the entry fee?

Hint: The new entry fee would have to be ?. The concern with increasing the fee is ?.

IV. Based on the same entry fee and the same amount of sponsorship, how many players would the event have to recruit to make a profit of $4,000? What would be your concerns with adding more players?

Hint: Based on an entry fee of?, the event would have to recruit? players. The concern would be...?

V. Other than increasing the entry fees or adding players, how could you generate additional revenue?

VI. How could you reduce expenses?

Reference no: EM133550277

Questions Cloud

Design a star or snowflake schema to extend the schema : Design a star or snowflake schema to extend the schema from Problem 3. Your schema should use resolutions to summarizability problems that you identified

Provide a small modification to the k-means method : Provide a small modification to the k-means method that uses angle instead of Euclidean distance within the clustering objective

What is the difference between prokaryotic & eukaryotic cell : Define a Prokaryotic cell? Define a Eukaryotic (plant and animal) cell? What is the difference between Prokaryotic & Eukaryotic cells?

Make a comprehensive ux design report : Make a comprehensive UX Design Report for a web or mobile software application of your choice

How could you generate additional revenue : Other than increasing the entry fees or adding players, how could you generate additional revenue? How could you reduce expenses?

Connect to the hotspot with another device : This time, you will configure it for WPA2-Personal security with a passphrase and then connect to the hotspot with another device

How large molecules are moved into and out of cells : how large molecules are moved into and out of cells. receptor-mediated endocytosis phagocytosis exocytosis ANSWER pits coated with proteins that have specific

Create a single python file and upload it to the lms : Create a single Python file and upload it to the LMS. Your Python file should be well-documented and include comments to explain the functionality of your code

Why a pap test is being performed : why a Pap test is being performed. Yin-Ling tells her to diagnose vaginal infections. for the early detection of cervical cancer. to evaluate the cause

User Account

All Pages