Answer:
Explanation:
To maximize profit, you would charge $8 for an adult's ticket and $4 for a child?s ticket. Total profit in this case would be $800.
The city council passes a law prohibiting you from charging different prices to different customers.
Now you set a price of $8 for all tickets, resulting in $600 in profit.
Indicate whether each of the following groups of people is better off, worse off, or the same because of the law prohibiting price discrimination.
Groups of People Better Off Worse Off Unchanged
Adults x
Children x
You, the Producer x
Suppose the fixed cost of the play were $2,600 rather than $2,000.
Complete the following sentences indicating how this would change your answers to the previous parts.
In the presence of price discrimination, the adult price of a ticket would remain the same, and the child price would remain the same. Total profit would fall to $200.
If price discrimination were banned and the monopolist continued to produce the play no matter what the profit, the price of a ticket would remain the same, and total profit would fall to $0.
<span>It was perceived by many (such as myself) as having the ultimate result of devaluing the American dollar.<span>
</span></span>
Answer: Products are focused showing different angles.
Explanation:
Product placement is a form of advertisement in which a product is consciously placed in a televised show or video advert.
This done to draw the public attention to the specific product. The product can be the central attention point of the advert or may have repeated appearances in a show.
Answer:Salesman helps the consumers in making the right decision and proper selection of the products which they want to buy.
Explanation:
William H. Armstrong was the native of Lexington, Shenandoah Valley. he mentioned his school days and about the church in the book "Sounder".
<h3>What was mentioned in the "Sounder" book about the Christianity?</h3>
Armstrong changed his mind about the Bible. He has so many questions about that, due to which he start writing his own books to find the answers.
His main interest was to write about the questions of young and old people related to the Bible.
He appeals to various ages and Christianity.
Learn more about the book Sounder here:-
brainly.com/question/20630493
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