Phi Kappa is planning to hold a seminar for students at the University Centre.It has two options: OPTION 1: Fixed rental cost of $1,000 and $12 per person for books
Or
OPTION 2: Fixed rental cost of $3,000 and $8 per person for books
Tickets will be $5 per student.Other items will be donated by recruiters wishing to network with students.Which option will cause the biggest loss if very few students attend?

Question

Quizplus · Accepted Answer

Option 1 has a higher fixed cost, so if very few students attend, the loss will be greater.

Phi Kappa Is Planning to Hold a Seminar for Students