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Paha777 [63]
2 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]2 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

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Assume that you pay $2,849. 84 in state property taxes every year. If your property has an assessed value of $41,302, what is yo
Alex787 [66]

The property tax rate for the assessed property of $41,302 is <em><u>0.069</u></em>.

The property tax is the value holding the property paid to the statement in the form of their charges or in the form of their state revenue.

Computation:

Given,

State property tax =$2849.84

The assessed value of property =$41,302

The tax rate is computed by dividing the tax amount by the actual value of the property.

\begin{aligned}\text{Tax Rate}&=\dfrac{\text{State Property Tax}}{\text{Assessed Value}}\\\ &=\dfrac{\$2,849.84}{\$41,302}\\\ &=0.069\end{aligned}

The tax rate upon which the property tax is paid is <em><u>0.069</u></em>, that is option d. is correct.

To know more about property tax, refer to the link:

brainly.com/question/855419

4 0
2 years ago
Martin owns his own motorcycle and ATV store. He notices that many of his customers talk about golf while in his store. He quick
Mekhanik [1.2K]

Answer:

The correct answer is have the ability to quickly adapt to change.

Explanation:

The scientific literature on organizational management shows how the complexity in which business is developed today forces organizations to deal with a hyper-competitive environment in which changes occur at a speed not previously known. In this context, the interest in the dynamics that organizations develop in order to adapt in this changing environment has gained extraordinary interest in recent decades. Thus, the pace with which organizations manage to adapt to changes, supported by their processes and their human capital, is revealed as essential for their survival and success.

From the point of view of organizational behavior, we would define the ability to adapt as the ability of organizations to change themselves in order to cope with the non-predicted changes that occur in their context of action. That is to say, to adapt is to vary the way in which the organization behaves to deal with those changes that were not precisely foreseen when the organization was designed.

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3 years ago
"In a new margin account, a customer buys 1,000 shares of ABC stock at $40 per share. The stock rises to $45 during the next wee
laiz [17]

Answer: SMA Balance $40000

Explanation:

the Special Memorandum Account(SMA) Balance will remain at $40000 (1000 x $40). The SMA Balance does not decrease when the market value of the security decrease

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2 years ago
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Franklin Electric is presently generating earnings available to common shareholders of​ $7.25 per share. The​ firm's income tax
Sphinxa [80]

Answer:

$1.45

Explanation:

First of all we need to know what is earnings available to common shareholders (EACS).

EACS is the part of earnings which is available to common shareholders after deducting preference dividend from net income after taxes.

We can understand the as follows

Net Profit after taxes $ xxxx

Less: Preference dividend (xxxx)

Earnings available to.common shareholders xxxx

From this amount is we divide number of common stocks / shares, we will get Earnings Per Share (EPS)

EPS = Earnings available to equity shareholders / number of common stock shares

Dividend Payout Ration to common stock (given) = 20%

It means the comapny is paying 20% of EPS to common stock holders and 80% of EPS is tthe retained earnings of the company

Hence dividend to common stockholder = Earnings available.to common shareholders × dividend payout ratio

= $7.25 × 20%

= $1.45

$1.45 is the dividend which company pay to common shareholders

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2 years ago
Classical economists traditionally believed that:
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One the concepts that economists believe in a classical economy are that "a change in money supply can affect GDP." To add up, a traditional economy mainly bases on original customs and traditions in their economic system, wherein among the common examples of these are rural farms. 
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