Business
Business, 11.07.2019 06:40, funnybugy16

In the presence of shortages, why would a firm, such as a restaurant with people waiting for a table or a theater with people waiting for a ticket, not raise prices when doing so would seem to increase profits?

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SAT, 24.07.2019 09:00, karenjunior
You are sitting in a waiting room, and you look around to observe the three other people waiting for their appointments. you do not know any of them. what social group would the people in the waiting room be a part of?
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Social Studies, 12.09.2019 23:30, cakeisalie6865
One way to promote a new business is to offer free items. if jayleen were to open a restaurant and offer free food, she likely would have a line out the door. how would an economist understand the behavior of those standing in line? a. those waiting in line place a high value on the use of their time.b. those waiting in line believe that the marginal cost of waiting in line exceeds the marginal benefit of waiting in line.c. those waiting in line place a low value on the use of their time.d. those waiting in line believe that the marginal cost of waiting in line is zero.e. those waiting in line believe that the marginal benefit of waiting in line is zero.
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Mathematics, 29.10.2019 19:31, sciencefanfae7248
Agroup of people are waiting in line for a theater premiere. every 14th person in line will receive a free theater ticket. every 10th person will receive a gift card for $ 35. which person is the first to win both prizes? if there are 200 people in line, how many people will receive both prizes
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Business, 02.11.2019 06:31, evelin23
Beate klingenberg manages a poughkeepsie, new york, movie theater complex called cinema 8. each of the eight auditoriums plays a different film; the schedule staggers starting times to avoid the large crowds that would occur if all eight movies started at the same time. the theater has a single ticket booth and a cashier who can maintain an average service rate of 270 patrons per hour. service times are assumed to follow a negative exponential distribution. arrivals on a normally active day are poisson distributed and average 180 per hour.. to determine the efficiency of the current ticket operation, beate wishes to examine several queue- operating characteristics.a) find the average number of moviegoers waiting in line to purchase a ticket.b) what percentage of the time is the cashier busy? c) what is the average time that a customer spends in the system? d) what is the average time spent waiting in line to get to the ticket window? e) what is the probability that there are more than two people in the system? what is the probability that there are more than three people in the system ? what is the probability that there are more than four people in the system?
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