College students have a reservation price of $22 for movie tickets. senior citizens have a reservation price of $88.

if the price of a movie ticket is $88 or less, then 10 senior citizens will demand a ticket. however, no senior citizens will demand a ticket at prices above $88.

if the price of a movie ticket is $22 or less, then 25 college students will demand a ticket. however, no college students will demand a ticket at prices above$22.

given the information in the table, if a movie theater does not price discriminate, then it charges either the highest price the college students are willing to pay or the one that the senior citizens are willing to pay. the theater would practice price discrimination by charging college students $22 and senior citizens $88.

assume the firm incurs no fixed costs and the marginal cost of production is zero.

how does total surplus change if the movie theater goes from charging a single price to perfectly price discriminating?

Which of the following statements is not correct? 1) trade allows for specialization. 2) trade has the potential to benefit all nations. 3) trade allows nations to consume outside of their production possibilities curves. 4) absolute advantage is the driving force of specialization.

Juan has a retail business selling skateboard supplies he maintains large stockpiles of every item he sells in a warehouse on the outskirts of town he keeps finding that he has to reorder certain supplies all the time but others only once a year how can he solve this problem?

At april 1, 2019, the food and drug administration is in the process of investigating allegations of false marketing claims by hulkly muscle supplements. the fda has not yet proposed a penalty assessment. hulkly’s fiscal year ends on december 31, 2018. the company’s financial statements are issued in april 2019. required: for each of the following scenarios, determine the appropriate way to report the situation. 1. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 2. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is probable. 3. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 4. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is probable.