Answer:
Explanation:
To maximize profit, you would charge $8 for an adult's ticket and $4 for a child?s ticket. Total profit in this case would be $800.
The city council passes a law prohibiting you from charging different prices to different customers.
Now you set a price of $8 for all tickets, resulting in $600 in profit.
Indicate whether each of the following groups of people is better off, worse off, or the same because of the law prohibiting price discrimination.
Groups of People Better Off Worse Off Unchanged
Adults x
Children x
You, the Producer x
Suppose the fixed cost of the play were $2,600 rather than $2,000.
Complete the following sentences indicating how this would change your answers to the previous parts.
In the presence of price discrimination, the adult price of a ticket would remain the same, and the child price would remain the same. Total profit would fall to $200.
If price discrimination were banned and the monopolist continued to produce the play no matter what the profit, the price of a ticket would remain the same, and total profit would fall to $0.
Answer:
Cost per pound of the trail mix: $
Raisins 2 pounds @ $3.95 each = 7.90
Peanuts 3 pounds @ $2.08 each = 6.24
Chocolate 5 pounds @ $3.25 each = 16.25
Total 10 pounds 30.39
Cost per pound of the trail mix = $30.39/10 pounds
Cost per pound of the trail mix = $3.039 per pound
Explanation:
In this case, we need to determine the total cost of the trail mix, which is the quantity of each ingredient multiplied by price per ingredient. Then, we will calculate the cost per pound of the trail mix, which is the total cost divided by the total pounds of ingredients.
Answer:
Value of investment after 10 years will be $738244
Explanation:
We have given that Jason Allen is planning to invest $26000 today in mutual fund
So present value P = $26000
Rate of interest r = 11 %
Time period n = 10 years
We have to find the amount after 10 years
We know that amount is given by
, here A is future value , P is present value r is rate of interest and n is time period
So amount after 10 year will be 
=
So value of investment after 10 years will be $738244
ANSWER:
Upon admission to the inpatient setting.
STEP-BY-STEP EXPLANATION:
An inpatient admission is generally appropriate when you're expected to need 2 or more midnights of medically necessary hospital care, but your doctor must order such admission and the hospital must formally admit you in order for you to become an inpatient.
Answer:
9%
Explanation:
Real interest rate is the difference between nominal interest rate and inflation rate (i.e. real interest rate = Nominal interest rate - rate of inflation).
Therefore, Nominal interest rate would be calculated by adding real interest rate of 3% to an inflation rate of 6%, which gives 9%.
While the nominal interest rate is the actual interest rate paid to investors, the real interest rate is what gets to to the investor's pocket in terms of purchasing power.
