Answer:
The new length is 13.5 meters
Step-by-step explanation:
Here, we are interested in calculating the new length of the cloth she wants to use
What we know from the question is that she is making a reduction of 10% from an initial of 15 meters
Thus, the length she is to use can be calculated by first getting what 10% of 15 meters is
Mathematically, that would be ;
10/100 * 15 = 1.5 meters
We now subtract this from the total of 15 meters
= 15 meters - 1.5 meters = 13.5 meters
Answer: i. There are 140 students willing to pay $20.
ii. There are 200 staff members willing to pay $35.
iii. There are 100 faculty members willing to pay $50.
Step-by-step explanation: Suppose there are three types of consumers who attend concerts at Marshall university's performing arts center: students, staff, and faculty. Each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. There is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs.
For each concert:
A) If the performing arts center can charge only one price, what price should it charge? What are profits at this price? B) If the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits?
C) If the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?
Answer:
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Answer:
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Step-by-step explanation:
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