A recently graduated music major wants to open her open Music Lesson business. She is looking at what price to charge for her lessons and want to see at what price she would break-even. She can sign up a total of 50 lesson slots per week. For her equipment and variable expenses it will cost her $30. Her fixed costs are $1,500. In order to break even, the music teacher would need to charge $ ______.00 for each lesson slot.

A recently graduated music major wants to open her open Music Lesson business. She is looking at what price to charge for her lessons and want to see at what price she would break-even. She can sign up a total of 50 lesson slots per week. For her equipment and variable expenses it will cost her $30. Her fixed costs are $1,500. In order to break even, the music teacher would need to charge $ ______.00 for each lesson slot.

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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