Funtime park competes with splash world by providing a variety of rides. funtime sells tickets at $ 90 per person as a one-day entrance fee. variable costs are $ 18 per person, and fixed costs are $ 464 comma 400 per month. under these conditions, the breakeven point in tickets is 6 comma 450 and the breakeven point in sales dollars is $580 comma 500. read the requirements requirement 1. suppose funtime park cuts its ticket price from $ 90 to $ 72 to increase the number of tickets sold. compute the new breakeven point in tickets and in sales dollars. begin by selecting the formula labels and then entering the amounts to compute the number of tickets funtime must sell to break even under this scenario. (abbreviation used: cm

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.

credit history is used by lenders to determine whether you are a 'risky' person to give their money to.

having a short history provide very little data for the lenders. they wouldn't be able to determine your credit behavior from such a small samples. even if they are perfect.

having long credit history with few blemishes provide larger and more accurate data for the lenders to predict your credit behavior.