The grand theater is a movie house in a college town. if the theater is open, the owner has to pay a fixed nightly amount of $200 for films, ushers, and so on, regardless of how many people come to see the movie. if the theater is closed, the owner incurs no costs. the nightly demand for movies by students is qs = 180 β 45p and by nonstudent moviegoers is qn = 100 β 5p. (a) assume the grand theater charges a single price to everybody. what is the profit maximizing price and how many tickets are sold to students and nonstudent moviegoers? (b) suppose the cashier can separate students from nonstudents at the door by making students show their id cards and students cannot resell their tickets. then the grand theater can increase its profit by charging students and nonstudents different prices. what prices will the grand theater charge and how many tickets will be sold to students and nonstudent moviegoers? (c) suppose that the grand theater can hold only 90 people and that the cashier can separate students from nonstudents at the door. what prices will the grand theater charge now? how many tickets will be sold to students?
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Business, 21.06.2019 16:00, Jaimewillis42
Abigail spent $100 on a new edition of the personal finance textbook rather than $75 for a used copy. the additional cost for the new copy is called the
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Business, 22.06.2019 11:50, tre9990
The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november. materials conversion costs total equivalent units
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Business, 22.06.2019 23:50, yatayjenings12
Analyzing operational changes operating results for department b of delta company during 2016 are as follows: sales $540,000 cost of goods sold 378,000 gross profit 162,000 direct expenses 120,000 common expenses 66,000 total expenses 186,000 net loss $(24,000) suppose that department b could increase physical volume of product sold by 10% if it spent an additional $18,000 on advertising while leaving selling prices unchanged. what effect would this have on the department's net income or net loss? (ignore income tax in your calculations.) use a negative sign to indicate a net loss answer; otherwise do not use negative signs with your answers. sales $answer cost of goods sold answer gross profit answer direct expenses answer common expenses answer total expenses answer net income (loss) $answer
Answers: 1
The grand theater is a movie house in a college town. if the theater is open, the owner has to pay a...
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