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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

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Retain the small predictable layers of risk and transfer the unpredictable catastrophic layer of risk. Does this statement promo
ELEN [110]

Answer:

Yes the statement does

Explanation:

Retaining small predictable layers of risk and transferring the unpredictable catastrophic layer of risk to a more capable body is a very good approach towards  promoting appropriate risk financing decision making, this is because

Financial risk decisions are decisions taken between alternatives i.e risks associated with business activities . it is more appropriate to take alternatives with a predictable layer of risk,that way it would be easier for the management to handle the risk associated with it, while transferring the unpredictable catastrophic layer of risk to a more capable body ,like the Insurance companies .

7 0
3 years ago
Persons considered low income receive worse care than high-income persons for about 80% of core health care measures quizlet
kogti [31]

This statement is true. Members of racial and ethnic minorities are frequently given lower-quality care and are less likely to obtain preventative health services than white people. Additionally, they experience worse health outcomes for a few illnesses.

How are minorities affected by healthcare?

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How does socioeconomic status affect health care?

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Learn more about socioeconomic status affect health care: brainly.com/question/12482069

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6 0
2 years ago
When putting away pallets of freight into multiple depth drive-in bays, what level of racking should be stocked first, second, a
Solnce55 [7]
The level of racking that should be stocked first would be the top bay, followed by the middle bay, and the last level to be stocked would be the bottom bay. It's simpler to remember, "top, middle, then bottom" when putting away pallets of freight into multiple depth drive-in bays. I hope this helps!
7 0
3 years ago
Suppose that a firm's long-run average total costs of producing hand-crafted chairs is $300 when it produces 10,000 chairs and $
erastova [34]

Answer:

Coordination Problem

Explanation:

Below is the given values:

Average total cost of producing 10000 chairs = $300

Average total cost of producing 11000 chairs = $325

The coordination problem arises when an increase in total output increases the average total cost due to the non-coordination of the inputs used in the production process. Therefore coordination is correct answer.

6 0
3 years ago
On January 1, 2021, Anne Teak Furniture issued $100,000 of 10% bonds, dated January 1. Interest is payable semiannually on June
zysi [14]

Answer: $86,235

Explanation:

Use Excel or a financial calculator to calculate the bond price.

As the interest is payable semiannually, the relevant variables are:

Coupon = 10% * 100,000 * 1/2 years = $5,000

Yield = 12% / 2 = 6%

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Bond price = $86,235

6 0
3 years ago
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