Business, 02.02.2020 05:44, yasarhan2

Suppose a movie theater determines it can charge different prices to patrons who go to weekday matinees and people who attend evening and weekend shows. the movie theater’s goal is to increase total revenue.

the price elasticity of demand for weekend and evening patrons is -0.70, and the price elasticity of demand for matinee moviegoers is -2.80.

based on the price elasticity of demand for each group of people, how should the movie theater adjust its prices?

choose one:
a. lower the price for matinee moviegoers, and raise the price for weekend and evening patrons.
b. raise the price for matinee moviegoers, and keep the price the same for weekend and evening patrons.
c. raise the price for matinee moviegoers, and lower the price for weekend and evening patrons.
d. lower the price for matinee moviegoers, and keep the price the same for weekend and evening patrons.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 03:10, jaquisjones68

Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e. g. -15,000 or parentheses e. g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work

Answers: 3

continue

Business, 22.06.2019 09:00, aubreyfoster

What should a food worker use to retrieve ice from an ice machine?

Answers: 1

continue

Business, 22.06.2019 12:40, hardwick744

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false

Answers: 3

continue

Business, 22.06.2019 14:30, kaylahill14211

You hear your supervisor tell another supervisor that a fire drill will take place later today when the fire alarm sounds that afternoon you should

Answers: 1

continue

Do you know the correct answer?

Suppose a movie theater determines it can charge different prices to patrons who go to weekday matin...