suppose that a small-town theater has six potential customers and is looking to implement price discrimination depending on when customers want to attend. suppose the marginal cost of serving an additional customer is $1.50. the data provide information about the time of attendance and willingness to pay for a ticket.
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Based on the information that can be gotten from the question, the price that should be charged by the theater for the matinee ticket will be $7.
From the complete information, when the price is $4 and the 3 customers enjoy the movie, the profit will be:
= ($4 - $1.5) × 3
= $2.5 × 3
= $7.5
Now, let's assume that the price charged is $7 and 2 customers enjoy the movie, the profit will be:
= ($7 - $1.5) × 2
= $5.5 × 2
= $12
Now, when the price is $12 and only 1 customer enjoyed the movie, the profit will be:
= ($12 - $1.5) × 1
= $10.5
It can be depicted that the profit of the theater will be at maximum when the price that is charged is $7.
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Related Questions
A company’s value is also known as their what?
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Answer:
Enterprise Value.
Explanation:
Also known as the AV, the enterprise value is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. The market capitalization of a company is simply its share price multiplied by the number of shares a company has outstanding.
What other options does an employer have other than terminating an employee?
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A job title can affect the salary of an office support worker.
True
False
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hidden figures, 9. What kind of accomplishment was it for Katherine and the workers of Langley for the Eagle to land safely during the Apollo mission on the surface of the moon
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Katherine Johnson was an African American woman that played a notable role in seeing American land on the surface of the moon during the Apollo mission. For Katherine and the workers at Langley, it was a momentous and groundbreaking achievement.
At a time in American history when blacks were being discriminated against and facing some other harsh realities, Katherine an intelligent mathematician contributed significantly to the Apollo mission. In chapter 23 of Margot Lee Shetterly's book, "Hidden Figures," we see the deep sense of happiness and satisfaction that Katherine had in her ability to contribute to the success of that mission. She was also grateful to her teachers who helped her to develop her knowledge of mathematics.Learn more here:
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A taxpayer's most advantageous tax benefit is A) a tax deduction. B) a depletion allowance. C) a tax credit. D) straight-line depreciation.
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Answer:
D) a tax credit.
Explanation:
For a corporation, equity capital is obtained from a. banks. b. stockholders. c. bondholders. d. credit unions. e. insurance companies.
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why is it useful to have your bank account and routing numbers when using tax preparation software?
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It is useful to have one's bank routing number and account number because it may or may not be required when filing tax return or preparing tax payment.
The tax preparation software are software which allows the preparation of tax payment and to e-file tax returns.
The bank account and routing numbers are part of the compOnent of the Tax forms during preparation and filing for tax return.
Therefore, it is useful to have one's bank routing number and account number because it may or may not be required when filing tax return or preparing tax payment.
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The main reason for considering nonconstant growth in dividends is to allow for _____ growth rates over _____.
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Based on the economic and financial analysis, the main reason for considering nonconstant growth in dividends is to allow for "Supernormal" growth rates over "some finite length of time."
This is because, in nonconstant growth, the growth rate cannot surpass the mandatory return indefinitely.
However, there is the probability that it could do so for some number of years.
Also, it should be noted that in this situation, the value of the stock equates to the present value of all the future dividends.
Hence, in this case, it is concluded that the correct answer is supernormal and some finite length of time.
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What should a company or organization do to minimize any negative buzz surrounding its event?
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Answer:
A hashtag can help event marketers create buzz because it creates a live conversation for fans. All the information and opinions of others is easily accessible for anyone to interested to look at and even join and that creates the buzz.
A company or organization to minimize any negative buzz. A negative comment on the object can be lethal, especially if your business is being weapon down by influential persons or (t) witter users. Even with that in mind,
What is the organization?An organization is a group of people who work together, like a neighborhood social activity, a charity, a union, or a business firm. You can use the word organization to refer to a group or business. An official group of people, for example, a governmental party, a business, a charity, or a club.
As an organization there are various methods are being there to minimize any negative buzz, A negative comment on an object can be lethal, especially if your business is being weapon down by influential persons or (t) witter users.
Therefore, the conclusion for A negative comment on the organization can be lethal,
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If the product price is $100, average variable cost $40 per unit, and the total fixed costs are $120,000, what is the breakeven point
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The breakeven point is 2000.
Breakeven point are the number of units sold at which net income is zero. It is a function of fixed cost, price and average variable cost.
Breakeven point = fixed cost / (price - average variable cost )
Fixed cost is cost that does not change regardless the level of output.
Average variable cost is total variable cost divided by output.
Price is the going price of an item.
Breakeven point = $120,000 / ($100 - $40)
$120,000 / $60 = 2000
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The deadweight loss from a tax per unit of good will be smallest in a market with a. inelastic supply and elastic demand. b. inelastic supply and inelastic demand. c. elastic supply and elastic demand. d. elastic supply and inelastic demand.
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The deadweight loss from a tax per unit of good will be smallest in a market with inelastic supply and inelastic demand.
The Deadweight loss refers to loss that occurs when supply and demand are not in equilibrium and thus, result in market inefficiency.
Usually, the value of the deadweight loss varies with the demand elasticity and supply elasticity.
So, when the demand or supply is inelastic, the deadweight loss of the taxation will be smaller because the quantity bought or sold varies less with price.
Therefore, the answer is B. because the deadweight loss from a tax per unit of good will be smallest in a market with inelastic supply and inelastic demand.
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Match the terms with their correct definitions.
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what is the relationship between the average inventory and the in-stock probability?
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Answer:
the relationship is that the more inventory there is the higher the stock-in probability
which primary function of management is concerned with ensuring the right things happen at the right time in the right way?
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The primary function of management which is concerned with ensuring the right things happen at the right time in the right way is:
PlanningAccording to the given question, we are asked to show the primary function of management which is concerned with ensuring the right things happen at the right time in the right way and how it affects management decisions and outcomes.
As a result of this, we can see that management is the act of being in charge of the various processes which are involved in an organization.
There are four main functions of managers in a management process which includes:
PlanningOrganizingLeadingControllingThe planning function is in charge of making sure that the right things are done at the right time.
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cash transactions involving the purchase and sale of long-term assets and current investments are classified on the statement of cash flows as activities.
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When such transactions involving long-term assets and current investments are put into the statement of cashflows, they are classified as Investing activities.
Investing Activities:
Include the purchase or selling of fixed assets Also include transactions involving investments in other companies in terms of shares and bondsLong-term assets are fixed assets and current investments refer to those in other companies so these are considered investing activities.
In conclusion, these are investing activities.
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a group of individuals who have a general interest in the environment have sufficient standing to file a class-action lawsuit against a company polluting a waterway.
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A group of individuals who have a general interest in the environment do not have sufficient standing to file a class-action lawsuit. Therefore, it's false.
It should be noted that taking care of the environment is everyone's priority. It's important to keep the environment clean and safe. This is vital in order to avoid diseases.
Also, a group of individuals who have a general interest in the environment do not have sufficient standing to file a class-action lawsuit against a company polluting a waterway. This is appropriate. Therefore, the statement is false.
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Anusha brings a $20 bill to the store. She purchases 4 pairs of socks for $2. 25 each and a new belt for $7. 50. How much change will Anusha receive when she pays for her clothes? $3. 50 $7. 50 $9. 00 $16. 50.
Answers
Answer:
£3.50
Explanation:
4 times 2 = 8
0.25 times 4 = 1
20 - 8 - 1 - 7.50 = 3.50
Why is account management important in the vegetable farming ? give reason .
Answers
Answer:
Money
Explanation:
The expected result of farming would be to make money, account management would help the most in making money. With account management, you can see how well your farm is producing money which in turn can tell you if you are growing quality crops or a crop that your clients want the most.
Answer:
It is important to appreciate the fact that modern business management principles can assist the farmer or farm manager, no matter how small his farm may be and however meager his capital. This is because of the two major tasks facing today’s farm managers.
Explanation:
Importance of agriculture in the Food supply Agriculture is the world’s leading source of food items. All the food substances that are essential viz. Agriculture produces vegetables, proteins, and oils. The carbohydrates provide all living beings with energy.
why does it have to have a limit
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Lanie tells her sales manager that she will be devoting more effort to ____ in the coming weeks, as her list of potential customers has dwindled below the level of 30 firms recommended by the selling plan.
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Lanie tells her sales manager that she will be devoting more effort to prospecting in the coming weeks, as her list of potential customers has dwindled below the level of 30 firms recommended by the selling plan.
Prospecting in sales is when a potential customer is being targeted before converting to an opportunity. It is the first step in sales process which entails creating sales opportunities.
Every businesses, firms, organizations usually have what is called selling plan, which is a tool in helping business succeed in sales. It helps to benchmark where an organization is and where they wish to be and then make adjustments to achieve their goals.
The selling plan is what will guide Lanie so that she would be able to achieve her sales prospect and then possibly convert them to opportunities inorder to meet her target.
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what are two examples of a direct to consumer marketing channel?
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The two (2) examples of a direct to consumer marketing channel include the following:
Buying a product (good) from the Home Shopping Network.A customer ordering some products (goods) from the John and Harry food and gift catalog.What is marketing?Marketing simply refers to a strategic process which typically involves developing promotional techniques and sales strategies by a business firm to enhance the availability of products (goods) and services, in order to meet the demands, and unending needs of the end users (consumers) through advertising and market research.
In Business management and marketing, there are two types of marketing channels and these include the following:
Direct channel.Indirect channel.What is a direct channel?A direct channel can be defined as type of marketing channel that is devoid of a retailer, but comprises only two (2) parties, which includes the following:
A producer.A consumer.In this context, we can reasonably infer and logically deduce that a direct channel eliminates the wholesaler, retailer, distributor, broker or agent, and as such it is a marketing strategy that increases the level of sales within a specific period of time because it helps the customer to interface directly with the manufacturer of products (goods) and services.
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According to the article, why might employers want to ensure that they have cause when terminating an employee?
Answers
Reasons to terminate an employee is because of sexual harrasment, Drug or alchohol use, damaging company property, or unethical behaviour and service.
A firm estimates its average total cost at 90 units of output to be $15. If the firm can sell all of its output at a market price of $5, what is its total profit
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Answer:
435
Explanation:
5(90)=450-15=435
i will give branliest if you can answer all these questions
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determining that the amount of cash agrees with the accounting records
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Answer:
Receipt-A business form giving written acknowledgment for cash received. Memorandum-A form on which a brief message is written describing a transaction. Proving Cash-Determining that the amount of cash agrees with the accounting records.
what is an economy?
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Answer:
System of management; general regulation and disposition of the affairs of a state or nation, or of any department of government.
Explanation:
HOPE IT HELP
capital is the amount of money paid into a company by its owners.
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The statement that the money paid into a company by its owners is called capital is True.
Capital is:
Contribution made to the company by its owners Can be cash or some sort of assetThe capital paid into the company represents an ownership stake of the person who paid it in which is why it is referred to as money put in by owners. Shares are a type of capital.
In conclusion, this is a true statement.
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you manage the worksheet shown below that contains a list of employees and a list of building numbers. the employee list is 1500 rows of data. what is the easiest way to sort the employee list without affecting the building number list?
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The easiest way to sort the employee list without affecting the building number list is by using the data sort function.
There are several programs for creating tables and managing data. One of them is Microsoft Excel, in this program, you can integrate, manage, organize, save and modify data.
In the situation where I manage a list of employees and a list of building numbers of about 1500 data and I need to organize them without affecting the other lists, I must follow the following steps.
Select the list that I want to organize, for example, column B.I click on the data option and then on the order option. At that moment, a warning will appear telling you that I have more data in my table (in this case the list of building numbers) and it will ask if I want to include it in the organized action.I mark the option to Continue with the current selection and I give it to order.At this moment another window opens where they give me different options to organize my data, for example alphabetically from A to Z or from Z to A, or I can customize it.Subsequently, I give it order and the list organizes the data as I wish.Learn more in: https://brainly.com/question/23567635
If you have to decide to claim a credit or deduction on
your taxes which should you take?
Answers
Answer:
Form 1040
Explanation:
To claim a credit or deduction on my tax, i will fill Form 1040.
What is Tax credits and deductions?Tax credits and deductions can alter the amount of tax that someone is owing so one can pay less.
The Deductions can reduce the amount of one's income however, to claim it , one needs to fill form 1040 which is used to file an annual income tax return.
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According to cisco, what was considered the inflection point for the internet of things?
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Based on the information released at the IoT World Forum in Dubai, according to Cisco, the thing that was considered the inflection point for the internet of things is "Strategic."
Cisco described the inflection point through its Executive Chairman, John Chambers.
John Chambers claimed that the inflection point is the strategic significance for the IoT in terms of interest and initiates.
Hence, in this case, it is concluded that the correct answer is "Strategic."
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