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
Paha777 [63]
3 years ago
9

Suppose executives at an art museum know that 100 adults are willing to pay $12 for admission to the museum on a weekday. Suppos

e the executives also know that 200 students are willing to pay $8 for admission on a weekday. The cost of operating the museum on a weekday is $2,000. How much profit will the museum earn if it engages in price discrimination?
Business
1 answer:
Hitman42 [59]3 years ago
3 0

Answer:

If the museum engages in price discrimination and decides to take both "contracts" (adults and students), the profit the museum will earn is $800.

And it goes like this:

Adults: 100 x $12 = 1.200

Students: 200 x $8 = 1.600

Income: 1.200 + 1.600 = 2.800 total incomes if both contracts happens in the same day.

Profit: 2.800 (Income) - 2.000 (costs) = 800 profit

You might be interested in
Dakota Trucking Company (DTC) is evaluating a potential lease for a truck with a 4-year life that costs $40,000 and falls into t
Afina-wow [57]

Answer:

The company should borrow or buy the truck as it is less costly than leasing.

Explanation:

Detailed solution is given below

7 0
3 years ago
A boycott occurs when workers collectively refuse to go to work.
nikitadnepr [17]
When workers refuse to work its called boycotting
3 0
3 years ago
When interest rates are high, consumers have a greater incentive to ______ more, but when interest rates are low, consumer have
viva [34]

When interest rates are high, then the consumers have a greater incentive to save more, but when interest rates are low, consumer have a greater incentive to borrow more.

<h3>What is Interest Rate? </h3>

This refers to the charge which is given for a particular loan which is replayed after a certain time.

With this in mind, high interest rates are not appealing to customers so they rather save and then borrow when the interest rates are low.

Read more about interest rates here:

4 0
2 years ago
Assume the football team is set up as a general partnership and that Lenny, Sarah, and Sam are all general partners in the team.
kramer

Answer: D.The Partnership may be sued as as the partner and the partners' liability unlimited

Explanation:

The Partnership may be sued as as the partner and the partners' liability unlimited

A partnership is not recognized as a legal entity, in a starndard partnership agreement Partners in a partnership are Personally liable. They  are jointly and severally liable for the debts of the Partnership. Their personal belongings may be claims in order to settle the liabilities of the partnership

3 0
3 years ago
Three-year Treasury securities currently yield 6%, while 4-year Treasury securities currently yield 6.5%. Assume that the expect
Reptile [31]

Answer:

The correct answer is 8%.

Explanation:

According to the scenario, the computation of the given data are as follows:

Let 1 year Treasury securities = t

So, Four year Treasury = [(Yield of 3 years Treasury × No. of year) + ( t × No. of  year)] ÷ Number of year

So, by putting the value, we get

6.5% = [(6% × 3) + ( t × 1)] ÷ 4

[(6% × 3) + t] = 6.5% ×4

t = 8%

So, the rate on 1-year Treasury securities three years from now is 8%.

4 0
4 years ago
Other questions:
  • Oliver's company is planning the launch of their hybrid cars. The company has included "never-before-seen product benefits in th
    6·1 answer
  • Why do economists calculate GDP by both the expenditure approach and the income approach?a. economists disagree on the best meas
    10·1 answer
  • If an importer has a good reputation regarding its following of Customs regulations, the likelihood that one of its shipments is
    5·1 answer
  • A region is in the middle of a very cold and snowy winter. As a result, hot chocolate has become more desirable, and many of the
    7·1 answer
  • What is the goal of ergonomics?
    5·1 answer
  • You and several classmates are studying for the next accounting examination. They ask you to answer the following questions: (Ro
    7·2 answers
  • _____ are stories about a person’s life written by that individual.
    12·2 answers
  • When was the US independent
    12·2 answers
  • how to find percentage of the portofolio must be invested in the first and second investment respectively?
    15·1 answer
  • What are the 6 types of government spending?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!