3) A privately-owned summer camp for youngsters has the following data for a 12-week session: Charge per camper: $480 Fixed costs: $192,000 per session Variable cost per camper: $320 per week Capacity: 200 campers a- What are the marginal and average costs per camper at 80% capacity? b- Would it be ethical to charge campers different rates depending on their family's socioeconomic status? Identify and describe two points pro and two points cons for such a policy. c- Draw cash flow diagram for this problem. per week

3) A privately-owned summer camp for youngsters has the following data for a 12-week session: Charge per camper: $480 Fixed costs: $192,000 per session Variable cost per camper: $320 per week Capacity: 200 campers a- What are the marginal and average costs per camper at 80% capacity? b- Would it be ethical to charge campers different rates depending on their family's socioeconomic status? Identify and describe two points pro and two points cons for such a policy. c- Draw cash flow diagram for this problem. per week

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter17: Long-term Investment Analysis

Section: Chapter Questions

Problem 3.4CE

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