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Vika [28.1K]
3 years ago
13

Different prices are commonly charged to different groups of consumers for tickets at movie theaters, whereas the groups are cha

rged the same prices for food and candy at the concession stands. The economic explanation for pricing tickets and concession items in this manner is that:
Business
1 answer:
ankoles [38]3 years ago
4 0
I think the explanation of this manner is that the concession items have a high-profit margin. It has more sales than the theater tickets. So to avoid the possible losses of income, the theater decides to make the prices of each item of concession stand must be the same to a different group of people. 
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A firm has fixed operating costs of $253,750, a sales price per unit of $100, and a variable cost per unit of $65. The firm's op
Talja [164]

Answer:

$725000

Explanation:

The break-even point is the point at which the firms total expenses is equal to its total revenue and it neither makes a profit nor a loss. At any point before this, the firm makes a loss and at any point after this, the firm is making a profit. This is because, it has got to a point where after the unit variable costs are covered from the revenue, there is enough to cover fixed costs as well because the firm’s fixed costs are now being spread over a greater number of units.

The break-even point is calculated as:

Fixed costs / (Selling price per unit - variable cost per unit)

Hence, in this case : $253750 / ($100 - $65) = 7250 units.

In dollars, this would be...

Revenue : 7250 x $100 = $725000

Expenses : $253750 + ($65 x 7250) = $725000

7 0
2 years ago
_____ pricing occurs when the price of each unit as a multi-unit package of the same item is less than the price of each unit if
lora16 [44]

Answer:

E

Explanation

Multiple Unit Pricing is selling a product at a lower price than that of other products of the same categoryThis is true, in case of bulk orders.

A product is sold at a pre-decided price, which is equal or less than the maximum retail price or list price of the product.

Multiple Unit pricing is a pricing strategy which is used to push the sales of the product.

7 0
3 years ago
If the price elasticity of demand for Mountain Dew is 4.4 then
taurus [48]

If the price elasticity of demand for Mountain Dew is 4.4 then "mountain dew has a high price elasticity of demand".

<u>Answer:</u> Option D

<u>Explanation:</u>

In economics "Price elasticity of demand" (PED) is a metric required to illustrate the flexibility or elasticity of a product or service's required quantity to increase its value when nothing but the value of product vary. When mountain dew have price elasticity of demand is 4.4 this follows that a price increase of 10 percent would result in the quantity needed decline by 44% as illustrated below:

4.4 = (% quantity change) / (% price change)

4.4 = x / 10

x = -4.4 (10) = -44%  here negative sign shows decline in quantity required.

3 0
3 years ago
What are the sources of pressure on firms such as frito-lay to reduce their environmental footprint? 2. identify the specific te
andriy [413]

The sources of pressure are from:

Regulation -government and legislative changes that focus on promoting environmental changes

Resources -natural and other resources are limited and conservation will help save money

Social/reputation-being environmentally conscious gives customers positive feelings about a company

8 0
2 years ago
A well-conceived and communicated strategic vision ordinarily does not result in?
guajiro [1.7K]

Typically, stakeholders do not complain that the company is directionless after hearing a well-developed and expressed strategic vision.

<h3>What Is Vision, Exactly? And why is it so crucial for a leader to convey their vision?</h3>

The organization's desired achievement or future state is described by its vision. To motivate, define, and focus the effort, a vision must be communicated in order to fulfill its purpose.

One of your responsibilities as a leader is to inspire dedication to your organization's goal, as stated in our handbook Communicating Your Vision. You must convey the vision in a way that matters to people in order to accomplish this. You want the organization's members to embrace the vision and spread it to others.

The organization's vision needs to be communicated by the leaders in several different methods.

To know more about "Vision", visit: brainly.com/question/28327881

#SPJ4

7 0
1 year ago
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