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Marrrta [24]
3 years ago
12

One day, a local theme park charges $40 per person for admission, and 10,000 people visit the park. On another day, the park cha

rges $60 per person, and 20,000 people pay to enter the park. Which explanation best describes why the park sees an increase in attendance when the price is higher? Theme-park tickets are part of a rare class of goods which do not follow the Law of Demand. High prices signal a high quality park experience. The higher price gives the park an incentive to expand capacity and permit more visitors. The low-attendance day falls on an autumn Wednesday, while the high-attendance day falls on a summer Saturday.
Business
1 answer:
slega [8]3 years ago
8 0

Answer:

The low-attendance day falls on an autumn Wednesday, while the high-attendance day falls on a summer Saturday.

Explanation:

There are no rare class of goods which do not follow the Law of Demand

The most probable reason may be the dates are at different time period, when the demand is lower and therefore the price must be lower to generate  enought attendance  to make it profitable. While, the second date is onpeak demand.

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Which statement best explains why the United States grew into a world
lukranit [14]

Answer:

B. The United States increased its participation in international trade.

Explanation:

The correct option is - B. The United States increased its participation in international trade.

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3 years ago
Which describes a type of tax that funds city programs?
grin007 [14]

Answer:

local income tax

Explanation:

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I will use a debit card because my parents add my allowance to my checking account. Other possible payment decisions I can make are to use a check.

3 0
3 years ago
The Wet Corp. has an investment project that will reduce expenses by $25,000 per year for 3 years. The project's cost is $30,000
dangina [55]

Answer:

A. $21,100

Explanation:

net cash flow year 1 = {[savings year 1 - (depreciation expense year 1)] x (1 - tax rate)]} + depreciation expense year 1

cash flow year 1 = {[$25,000 - ($30,000 x 33.33)] x (1 - 26%)} + ($30,000 x 33.33) = [($25,000 - $10,000) x 0.74] + $10,000 = $11,100 + $10,000 = $21,100

4 0
3 years ago
Cullumber Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,530 per month. One of the b
Debora [2.8K]

Answer:

Total Variable cost  = $6

Total fixed cost  = $9,810

Explanation:

The computation of total variable cost and total fixed cost is shown below:-

Total Variable cost  = commission + Barber supplies + Utilities

= $5.35 + $0.40 + $0.25

= $6

Total fixed cost = ( Barbers × Base rate) + Extra Receive + Advertisement + Rent + Utilities + Magazines

= (5 × $1,530) + $570 + $270 + $1,100 + $190 + $30

= $9,810

8 0
3 years ago
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