A local art association holds an annual fair that has expenses of $5247. Based on prior history, the art association expects to make $17429 from the sale of food. This year, the art association would like to make a total profit of $27282 to help pay for an after school program for at risk kids. The fair usually charges an admission of $7. To meet the profit goal, how many people must attend the art fair this year?

A local art association holds an annual fair that has expenses of $5247. Based on prior history, the art association expects to make $17429 from the sale of food. This year, the art association would like to make a total profit of $27282 to help pay for an after school program for at risk kids. The fair usually charges an admission of $7. To meet the profit goal, how many people must attend the art fair this year?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter13: Positive Externalities And Public Goods

Section: Chapter Questions

Problem 23P: HighFlyer Airlines wants to build new airplanes with greatly increased cabin space. This will allow...

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