1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
asambeis [7]
3 years ago
11

Four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch

. Here is their willingness to pay for each film:
Willingness to Pay (Dollars)

Musashi Sean Bob Eric

First film 10 9 8 3
Second film 8 7 6 2
Third film 6 5 4 1
Fourth film 4 3 2 0
Fifth film 2 1 0 0

Within the dorm room, the showing of a movie ( IS OR IS NOT ) a public good.
If it costs $8 to rent a movie, the roommates should rent__________movies in order to maximize the total surplus.
Suppose the roommates choose to rent the optimal number of movies you just indicated and then split the cost of renting equally.
This means that each roommate will pay $__________.
Business
1 answer:
denis-greek [22]3 years ago
3 0

Answer:

1. Inside the dorm room, the movies are <em>Non-Rival</em> which means that one person can watch the movie and it will not diminish the ability of others to watch as well.

Also as they are all in the same dorm, the showing of the movie is <em>Non-Excludable</em> as well because no one can stop the other from watching.

Public good is both Non-Rival and Non-Excludable so the showing of a movie IS a public good.

2.

Musashi   Sean    Bob   Eric   Total Willingness to pay

10   9   8   3   30

8   7   6   2   23

6   5   4   1   16

4   3   2   0   9

2   1   0   0   3

The optimal number of movies that can be rented is dependent on their total willingness to pay. If their Total willingness to pay for the movie is above $8 which is the cost of a movie, then they will get it. From the table, the fifth movie is below the price of $8 so they <u>should rent 4 movie</u>s.

3. If they rent 4 movies and there are 4 of them then the cost per person is;

= (8 *4)/4 people

= 24/4

= $8

This means that each roommate will pay <u>$8</u>.

You might be interested in
Ashley, Nikki and Jared all selected identical new cars at the same price. Ashley, bought the car with some of his own money and
Romashka [77]
Nikki as the option to choose the less expensive liability-only insurance coverage.<span>
</span>
6 0
3 years ago
Read 2 more answers
Portions of the financial statements for Alliance Technologies are provided below. Alliance Technologies Income Statement For th
Dmitrij [34]

Answer:

Net cash flow from Operating activities  $       97,000.00

Explanation:

The problem can not be solved on the answer box here, that is why i made use of the microsoft word table in other to understand the solution properly

Download docx
3 0
3 years ago
Central, Inc., is a manufacturer of granite paints. Sales are seasonal due to the seasonality in the home-building industry. The
Verdich [7]

The monthly sales rate made from granite paints in Central incorporations is:

February = 400 gallons

March = 266.6 gallons

Calculating the monthly rate:

The 1st quarter sales is Q1

The 2nd quarter sales is Q2

Note:

Q1= January, February & March

Q2= April, May & June

Given from the question:

Q1= 1200 gallons

Q2= 800 gallons

The monthly sales rate of is calculated by dividing the quarterly rate by 3

Q1= 1200 gallons/3 = 400

Q2= 800 gallons /3 = 266.6

The monthly sales rate made from granite paints in Central incorporations is:

February = 400 gallons

March = 266.6 gallons

<h3>What is sales forecasting?</h3>

Sales forecasting can simply be defined as the process of estimating the future revenue by predicting the amount of goods, products or services a sales unit will sell in the next week, month, quarter, or year.

Therefore, the monthly sales rate made from granite paints in Central incorporations is:

February = 400 gallons

March = 266.6 gallons

Complete question:

Central, Inc., is a manufacturer of granite paints. Sales are seasonal due to the seasonality in the home-building industry. The expected pattern of sales for the first quarters of 2011 is as follows: Sales in Units 1st quarter 2nd Quarter Quantity 1,200 gallons 800 gallons

How much quantity sales of granite paint was sold in month of

(I) February

(II)May

Learn more about sales forecasting;

brainly.com/question/14019463

#SPJ1

7 0
2 years ago
Knowing that global business models are changing, how do you perceive IT systems helping or hindering the change process?
kati45 [8]

Answer:

IT is helping the change process

Explanation:

Information technology has revitalized today's business operations. Business models incorporating IT are fast, cost-friendly, and more responsive to market demand.

As business models endeavor to meet the needs of modern customers, IT is helping the process by offering innovative solutions. Emerging business models are anchored on modern IT.

3 0
3 years ago
Financial Crisis
lions [1.4K]

Answer:

The correct answer to the given question is<u> “D – Short-Run Aggregate Supply Left” </u>

Explanation:

While the problem is there for offering and deriving, less asset is being completed on the budget. Thus due to the lack of capital. The investment standard growing will decrease and therefore as an outcome, short run cumulative source curve will move to the left.

7 0
3 years ago
Other questions:
  • Bailey Corporation manufactures and sells a number of products, including Product G. Results for last year for the manufacture a
    6·1 answer
  • Company ABA showed its customers products with various combinations of features and attributes, with price being one of them. It
    10·2 answers
  • If you rent a car, you can (1) return it with a full gas tank, (2) return it without filling it and pay $5.20/gallon, or (3) acc
    15·1 answer
  • According to the Bureau of Labor Statistics, you are considered to be unemployed if you have no job. True or false? True or fals
    6·2 answers
  • What good or services is “AMAZON” KNOW FOR
    15·1 answer
  • Suppose that a small country currently has $4 million of currency in circulation, $6 million of checkable deposits, $200 million
    12·1 answer
  • Shore Hotels just paid an annual dividend of $1.50 per share. The company will increase its dividend by 7 percent next year and
    6·1 answer
  • The money multiplier declined significantly during the period​ 1930-1933 and also during the recent financial crisis of​ 2008-20
    13·1 answer
  • Which statement is false? a. Characteristics that would make a misstatement material include: The relative size of the misstatem
    15·2 answers
  • I got a question for dudes
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!