Final answer:
To find the initial fee and cost per hour at the Tea Room, one would create a cost equation similar to that of Aaron's Word Processing Service, combining a fixed initial fee with a variable hourly rate.
Step-by-step explanation:
To determine the initial fee and the cost per hour to hold a banquet at the Tea Room, we need to create an equation similar to the one used for Aaron's Word Processing Service. The cost structure typically involves a fixed initial fee plus a variable cost that depends on the number of hours the service is used.
For example, if Aaron's Word Processing Service charges an initial fee of $31.50 plus $32 per hour, the total cost equation would be Total Cost = $31.50 + ($32 × Number of Hours). Similarly, for the Tea Room, we would use the same structure to calculate the total cost of holding a banquet.
If we refer to the example of the Yoga Center, where there's a fixed cost of $10,000 per month in rent and variable costs such as the marginal costs of hiring yoga teachers, we can see a parallel in the fee structure. The Yoga Center also has the initial fixed fee, which is similar to the initial fee of the Tea Room, and the variable costs, akin to the hourly cost at the Tea Room.