Question

Using the cost equation calculate the total cost of holding a bowling party for 50 attendees. The variable cost of having a bowling party is $25 per person. The fixed cost of having a bowling party is $250.

a) $1,000
b) $2,000
c) $1,500
d) $1,750

Answer 1

To calculate the total cost of holding a bowling party for 50 attendees, we can multiply the variable cost per person by the number of attendees and add it to the fixed cost.

Step-by-step explanation:

The total cost of holding a bowling party for 50 attendees can be calculated using the cost equation which includes the variable and fixed costs. The variable cost of having a bowling party is $25 per person, and the fixed cost is $250. To calculate the total cost, we can multiply the variable cost per person by the number of attendees and add it to the fixed cost:

Total Cost = (Variable Cost per Person * Number of Attendees) + Fixed Cost

Total Cost = ($25 * 50) + $250 = $1250 + $250 = $1500

Therefore, the total cost of holding a bowling party for 50 attendees is $1500. So, the correct answer is c) $1,500.