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

Another question on Business

Business, 22.06.2019 14:10

Location test: question 1 of 54)water is a solvent because itoa. is made of moleculesob. dissolves many substancesc. is a saltd. has a large buffering capacity

Answers: 1

Answer

Business, 22.06.2019 22:30

When the price is the equilibrium price, we would expect there to be a causing the market to put pressure on the price until it went back to the equilibrium price. a. above; surplus; upward b. above; shortage; downward c. below; surplus; upward d. below; shortage; downward e. above; surplus; downward?

Answers: 2

Answer

Business, 22.06.2019 23:20

You work as the sales manager for a company that sells office supplies to businesses of all sizes. because the profit margins are razor-thin, you need to ensure that you are getting the very best prices on paper, pencils, pens, post-it notes, and other office supplies from the manufacturers. when reviewing the quarterly profit statement, you realize that your costs are higher than they should be, and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices. when you conduct your research to determine the reason for the higher costs, and take action to bring those costs back down, in which of the key management processes are you taking part?

Answers: 3

Answer

Business, 23.06.2019 00:50

On january 1 of the current year, jimmy's sandwich company reported owner's capital totaling $128,000. during the current year, total revenues were $106,000 while total expenses were $95,500. also, during the current year jimmy withdrew $30,000 from the company. no other changes in equity occurred during the year. if, on december 31 of the current year, total assets are $206,000, the change in owner's capital during the year was:

Answers: 3

Answer

You know the right answer?

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

Questions