NFL Green Bay Packers play on Lambeau field in Wisconsin. The total cost of operations and...

NFL Green Bay Packers play on Lambeau field in Wisconsin. The total cost of operations and maintenance for each year is $27 million and 6 home games are played per year. The cost to pay the players is $10,000,000 per year.

Each games operating cost is $2,833,333.33

Estimate the cost of running your stadium on game day. (Include the cost of utilities ($708,333.33), security ($708,333.33), maintenance on and off the field ($708,333.33), employees ($708.333.33), etc. Ignore concession and merchandise stands.

Also, assume the stadium is paid for meaning there is no outstanding debt.)

Estimate the average ticket price based on professional or school website research. ($35.54 per ticket). 81,441 tickets sold per game

Provide your reasoning/assumptions for your estimates (explain how you came up with the figures you include in your estimates).

Calculate the breakeven point in tickets using the unit breakeven formula from the textbook. Show your calculations in your posting.

Based on your breakeven calculation compare that breakeven tickets number to the stadium’s capacity. Is your breakeven point reasonable?

Expert Solution

ekkarill92 answered 1 month ago

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