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?
Answer:
$20.40
Step-by-step explanation:
20% off means that the new price of the skirt will be 80% of the original price:
$30(100% – 20%) = $30(80%)
Converting the percent to a decimal gives:
$30(0.8) = $24.00
There is an additional 15% off the sale price of $24.00, so the final price is 85% of the sale price:
$24(100% – 15%) = $24(85%)
Again converting the percent to a decimal gives:
$24(0.85) = $20.40
Answer:
AC = 38
Step-by-step explanation:
AB = BC
4 - 5x = 2x + 25
-7x = 21
x = -3
AC = 2(BC) = 2(2x + 25) = 4x + 50 = 4(-3) + 50 = -12 + 50 = 38
AC = 38
Answer:
7.94
Step-by-step explanation:
Answer:
multiply the first equation by -2, then add them
Step-by-step explanation:
7x+4y=-4 *-2 7x+4y=-4 *-2 = -14x-8y=8
5x+8y=28
-14x-8y=8 x=-4, y=6
-9x=36
x=-4
7(-4)+4y=-4
-28+4y=-4
4y=24
y=6
