Dunston Military Academy has an annual deficit of $250,000. Its 1,000 students pay a tuition of $10,000 each per year. The economics faculty has recommended solving the problem by recruiting additional athletes with $5,000 scholarships. Each additional athlete will cost the school $2,500 (equipment, etc.). Assuming the academy agrees, how many athletes are needed to eliminate the deficit?© BrainMass Inc. brainmass.com October 10, 2019, 1:42 am ad1c9bdddf
The deficit is $250000. Each student pays $10000 in tuition. If the school recruits additional athletes they will also pay ...
Deficit Elimination is clarified in this solution.