Suppose ford, gm, and dodge make the majority of pick-up trucks sold in the united states if they all sell for approximately the same price, and ford offers a $2,000 rebate on new truck sales, what can ford expect to see? a. an unprecedented increase in truck sales. b.an immediate response by gm and dodge. c.a visit from the antitrust authorities of the government. d.a revolution from ford stockholders. e.announcements by gm and dodge that plans are underway to produce a much cheaper pick-up truck in six years.

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities. required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.