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Finger [1]
2 years ago
12

Suppose that the cross price elasticity of demand between movie tickets and popcorn is −0.10. What would you expect to happen to

the sales of popcorn if the price of movie tickets rises by 30 ​percent? The demand for popcorn would fall fall rise by 33 percent ​(Enter your response rounded to one decimal place.​)
Business
1 answer:
Murljashka [212]2 years ago
3 0

Answer:

fall

3%

Explanation:

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An opera house is offering three performances and has two types of consumers. The performances are "Carmen," "Madama Butterfly,"
Likurg_2 [28]

Answer: Bundle all the three operas together

Explanation:

Customers purchase a good only if its price is less than the customer’s reservation price.

Total WTP of consumer 1 = 100 + 200 + 70 = 370

Total WTP of consumer 2 = 120 + 100 + 150 = 370

Hence, all the three operas should be bundled together.

4 0
3 years ago
Information concerning Department A of Synergy Company for the month of June is as follows: Materials Units Costs Work in proces
vfiekz [6]

Answer:

0.78

Explanation:

beginning 22,000 with a cost of 15,675

started and completed: completed - beginning

                                         99,000 - 22,000  =    77,000

equivalent units ending WIP 16,500 x100% =    16,500

equivalent units for materials 93,500

equivalent cost of materials: 73,260 / 93,500 = 0,78

for the equivalent cost we will calcualte only using the cost added during the period.

8 0
2 years ago
Sales $3,400,000 $2,100,000 Contribution margin $1,500,000 $900,000 Divisional segment margin $1,000,000 $300,000 Net operating
kicyunya [14]

Answer: $750,000

Explanation:

Based on the information given, in last year's income statement segmented by division, SegR-1882's total common fixed expenses will be calculated thus:

Note that Net operating income = Total segment margin - Common fxed expenses

Therefore, Common fixed expense = Net operating income - Total segment margin

Common fixed expenses:

= $1,300,000 - $550,000

= $750,000

Therefore, common fixed expenses is $750,000

Note that total segment margin = $1,000,000 + $300,000 = $1,300,000

4 0
2 years ago
MarketPoint Sales currently has a credit limit of $5,000. Because MarketPoint Sales has an excellent credit rating, BITS is incr
azamat

Yes , the given statement is true

Explanation:

Since the credit limit is now 10k for purchases of Marketpoint, the demand requires them.

You will apply for an increasing or decreasing in the loan cap electronically and will actually receive an immediate decision.

You should wait 4 months before your credit limit is extended and wait 6 months after a drop in your credit ceiling for an increase.

8 0
3 years ago
Juanita Corporation uses a job-order costing system and applies overhead on the basis of direct labor cost. At the end of Octobe
bezimeni [28]

Answer:

Total Cost of the Job    $

Direct materials             480

Direct labour                  150

Additional labour           100

Applied overhead          600

Total cost                        1,330

The total amount to be transferred to finished goods inventory in November is $1,330.                                

Explanation:

The total cost of the job  is the total of direct material, direct labour, additional labour and manufacturing overhead applied. The additional labour cost is considered because it is required to complete the job.

7 0
3 years ago
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