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nikitadnepr [17]
3 years ago
10

While charging a general admission price of $15 for adults most days of the week, the Museum of Fine Arts in Houston offers free

admission every Thursday. Why do you suppose that museums often price this way, offering free admission on one day during the week? Why would they choose a day like Thursday rather than Saturday?
Business
1 answer:
kow [346]3 years ago
4 0

Answer:

Basically, the museum might price this way because of the low number of people that go to the place that specific day and<u> in order to stimulate the demand from visitors</u>.

Explanation:

To begin with, the reason why organizations price this way, in where they offer one day total free admission is due to the fact that commonly that day selected does not count with much visitors in comparison with the other days of the week supported by statitics of the place and therefore the museum, in this case, wants to increase the amount of people that enter the building, basically.

Secondly, once that the main reason of why the museum might price this way is said, the reason why the are likely to choose a day like Thursday rather than Saturday is due to the fact that Saturdays tend to be the day where those kind of places are full of people because most of the people do not work on weekends and therefore the organization do not need to encourage the entrance of visitors, they will go anyways without any stimulation.

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Answer:

Pricing can vary for each customer.

Explanation:

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3 years ago
Explain how rewards/penalties help people make decisions
olganol [36]
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8 0
3 years ago
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A firm sells 2000 units at £500 each. If fixed costs are £50,000 and variable costs are £100 per unit, calculate the total costs
Blababa [14]

Answer: £ 250,000

Explanation:

Given: Fixed costs = £50,000

Number of units=2000

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Since Total variable cost = (Number of units) x (Variable cost per unit)

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We know that,

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7 0
2 years ago
MFG Company experiences the following cost behavior patterns each week: Fixed costs: supervisor’s salary $3,000; factory rent $6
s2008m [1.1K]

Answer:

Total cost= $204,750

Explanation:

Giving the following information:

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Mixed costs: utilities $3,500 + $10.25 per unit

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4 0
3 years ago
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Answer:

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