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Vika [28.1K]
4 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]4 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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6 0
3 years ago
Which of the following situations would most likely encourage a firm's managers to make decisions that are in the best interests
kotykmax [81]
I believe it’s D but not 100 percent
3 0
3 years ago
As part of a good Section 351 transaction Andy contributes his business with a basis of $200,000 in exchange for $300,000 worth
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Answer:

Gain = $150,000

Explanation:

Given:

Contribution = $200,000

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Gain = $150,000

5 0
3 years ago
Should banks have to hold 100% of their deposits? Why or why not?
fomenos

Answer:

No, they dont have to hold the 100%.

Explanation:

Because banks use the money deposited to make loans to other clients. By general rule the Commercial Banks are required to keep only the 10% of each deposit made in an account.

8 0
3 years ago
When the price is $12 the quantity demanded is 50. When the price increases to $24 the quantity demanded decreases to 30. Calcul
Allushta [10]

Answer:

PED = -0.4 or |0.4| in absolute terms

Explanation:

price elasticity of demand (PED) = % change in quantity demanded / % change in price

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PED = -40% / 100% = -0.4 or |0.4| in absolute terms

the demand is price inelastic since |0.4| < 1

this means that the change in quantity demanded is proportionally less than the change in price.

6 0
3 years ago
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