Answer: i. There are 140 students willing to pay $20.
ii. There are 200 staff members willing to pay $35.
iii. There are 100 faculty members willing to pay $50.
Step-by-step explanation: Suppose there are three types of consumers who attend concerts at Marshall university's performing arts center: students, staff, and faculty. Each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. There is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs.
For each concert:
A) If the performing arts center can charge only one price, what price should it charge? What are profits at this price? B) If the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits?
C) If the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?
You didn't supply any rules or constraints so.... 1 in., 1 in., and 1 in.
You can use the Pythagorean Theorem to check if the side lengths are appropriate.
–this is true.
Answer:
104
Step-by-step explanation:
Two shoes=20
Guy= 5
Glasses= 2
Boxing glove= 20
One shoe+guy with shoes, glasses, and gloves*glasses=104
Answer:
x = 10
y = 25
Step-by-step explanation:
if you add the equations as they are then the 'y-term' is eliminated:
60x = 600
x = 10
substitute x=10 to find value of 'y':
40(10) + 4y = 500
400 + 4y = 500
4y = 100
y = 25
Check:
20(10) - 4(25) should equal 100
200 - 100 = 100
100 = 100
Answer:
y = -2x + 4
Step-by-step explanation:
y = mx + b
m ---> slope
b ----> y-intercept
y = -2x + 4
