It costs $3000 to reserve a room, hire an instructor, and bring in the equipment. Assume it costs $25 per student for the administrators to provide the course materials. If we know that 20 people will attend, what price should be charged per person to break even?

&175

Explanation:

Breakeven price is the minimum price a product or service  must be sold to cover the cost of producing it. Its aim is to ensure that items are not sold at a loss.

In the scenario given ,

Cost of room reservation = $3000

Cost of room / student = $3000/20 = $150

Course materials per student = $25

Total cost of course materials = $25 * 20 =$500

Total cost of training = $3,500

Target attendees = 20

Breakeven price  = $3500/20 = $175

what are your options to your question?

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.