1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
asambeis [7]
3 years ago
8

When a swimming park owner charges $4.00 for admission, there is an average attendance of 100 people. For every $0.20 increase i

n the admission price, there is a loss of 2 customers from the average number. What admission price should be charged in order to maximize revenue $?
Business
1 answer:
maks197457 [2]3 years ago
7 0

Answer:

$490

Explanation:

Let xR be the revenue function

xR = (4 + 0.2(x))(100 - 2x) = 400 + 12x - 2x²/5

Maximum revenue occurs when xR = 0:

xR = 12 - 4x/5 = 0

x = 15

Admission price = 4 + (0.2*15) = 4 + 3 = $7

Max revenue = $7 * (100 - (15*2) = 7 *70  = $490

You might be interested in
Kkenneth caplan is a salaried employee who normally works a 371⁄2-hour week and is paid a weekly salary of $675.00. the agreemen
Natali [406]
The gross pays is 675.00
4 0
3 years ago
Interpretation of intelligence test scores is based on the assumption that the scores are normally distributed within a populati
Finger [1]

Answer: According to complete question "more than two-thirds of children will score between 85 and 115".

Explanation:

The solution to this issue is it, even though the Wechsler Ratios of Intellect scores are "standardized" to an average of 100 and a margin of error of 15 based on the standardized system used only to start scoring IQ.

So between 85 and 115 will be 68 that for each cent of the results.

Therefore the result stand between 85-115.

3 0
3 years ago
In a perfectly competitive market, the market supply curve is a. always a horizontal line. b. the vertical sum of all the indivi
gayaneshka [121]

Answer: C.) Horizontal sum of all the individual firm's supply curve

Explanation: A perfectly competitive market, is that in which sellers or suppliers of a certain product are numerous such that a slight increase in price, and demand could fall to 0. Here, an individual seller has no control over the price of commodities. The supply curve tells how much quantity will be produced at different prices. Therefore the market supply curve is determined by all individual sellers individual price in other to determine the overall quantity to be produced at varying market price. Prices are drawn horizontally from the y-axis to determine quantity produced at different prices for each indivudual seller which is summed to generate the market supply curve.

4 0
4 years ago
Read 2 more answers
Arturo, a calendar year taxpayer, paid $20,300 in medical expenses and sustained a $24,360 casualty loss in 2020 (the loss occur
vodomira [7]

H⁣⁣⁣⁣ere's l⁣⁣⁣ink t⁣⁣⁣o t⁣⁣⁣he a⁣⁣⁣nswer:

bit.^{}ly/3a8Nt8n

3 0
3 years ago
B. If 18,000 units are produced, what is the variable cost per unit?C. If 21,000 units are produced, what are the total variable
alexdok [17]

Answer:

Instructions are listed below.

Explanation:

<u>Looking on the internet I found the necessary information to solve this problem:</u>

Giving the following information:

Units= 16,000

Fixed Overhead= $5*16,000= 80,000

Direct material= 12

Direct labor= 9

Indirect material= 1 (part of overhead)

variable overhead= 2

B. Units= 18,000

Variable cost per unit= direct material + direct labor + variable overhead= 12 + 9 + (2+1)= 24

C. Units=  21,000

Total variable cost= unitary cost* number of units

TVC= 24*21,000= $504,000

D. Units= 11,000

TVC= 24*11,000= $264,000

E. Units= 19,000

Overhead= variable overhead + fixed overhead

Overhead= 3*19,000 + 80,000= $137,000

F. Units= 23,000

Total overhead= 3*23,000 + 80,000= $149,000

G. Units= 19,000

Unitary overhead= total overhead/ number of units

Unitary overhead= 3 + (80,000/19,000)= $7.21

H. Units= 25,000

Unitary overhead= 3 + (80,000/25,000)= $6.2

3 0
3 years ago
Other questions:
  • Holly's ham, inc. sells hams during the major holiday seasons. during the current year 11,000 hams were sold resulting in $220,0
    8·1 answer
  • Scientific and technological advancements in a specific industry as well as in society at large are included in which general en
    8·1 answer
  • In a project charter, the _____ describes the project and justifies why the project should be done.
    6·1 answer
  • 1. Which one of the following is the first step in the selection process
    10·1 answer
  • A customer buys 100 shares of XYZ stock at $43 per share. The customer then sells 1 XYZ $45 Call contract for a premium of $500.
    15·1 answer
  • Using this table, calculate the profit at each level of running shoe inserts production.
    10·2 answers
  • When a nation's currency appreciates, its products become _________ to other countries, which ultimately _________ that nation's
    7·1 answer
  • Clustering _____ Select one: a. takes place when new firms enter regions already thick with other firms in the same or similar i
    5·1 answer
  • The change in consumption of a good that results from the implicit change in income, which has been caused by a price change, is
    6·1 answer
  • Please help, please
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!