A university schedules a one-week training course based on anticipated enrolment. The variable cost is about $400 per student, laboratories, and allocated overhead for a class is $1500.
a) If students pay $450 to enrol in the course, how large would enrolment have to be for the university to break even? b) If 35 students enrol in the course, how much profit (or loss) will they make? What about 25?
Please show work.