Answer:
0.9717 per unit sold (approx)
Explanation:
Here, we are assuming 52 weeks in a year.
Contribution margin:
= (Sales revenue - variable cost) ÷ sales revenue
= [(3.52 × 10 + 3.52 × 0.18 × 540 × 52) - (3.52 × 0.26 × 551)] ÷ (3.52 × 10 + 3.52 × 0.18 × 540 × 52)
= [(35.2 + 17,791) - (504)] ÷ (35.2 + 17,791)
= [17,826.2 - 504] ÷ 17,826.2
= 17,322.2 ÷ 17,826.2
= $0.9717 per unit sold (approx)
Answer: more elastic in their demand for tickets
Explanation:
Third-degree price discrimination is used by company when different price is being charged to a particular group of consumers.
Based on the scenario in the question, the owner of the concert hall should price tickets lower for customers who are more elastic in their demand for tickets.
Elastic demand simply means that a little change in the price of the concert hall will lead to a higher change in the quantity demanded. In this case, when the price increases, such people will buy little tickets. Therefore, the prices should be set lower for these set of people as there will be a huge increase in demand when the price is lower.
Answer:
All of the answers are correct.
Explanation:
The law of supply states that in a production process when the price of. Commodity increases the suppliers are more willing to supply more goods, while when price falls suppliers tend to supply less goods.
This is as a result of lower motivation to sell at a lower price where profit margins are low. The higher the price the more the profit made so they are more motivated.
Also when prices are too low the suppliers may barely cover their cost of production so they tend to supply less.
Attached is a diagram of the supply curve
<span>Higher taxes will provide to the growing number of senior citizens. There are much more elderly citizens now than there were 50 years ago with the baby boomers aging into their golden years. In order to provide services for these individuals, taxes could likely increase to cover the increasing costs.</span>
Answer:
The correct answer is letter "E": Efficiency.
Explanation:
The American Academy of Professional Coders (AAPC) is the organization in the U.S. in charge of certifying administrative workers of the healthcare system such as <em>billers, coders, </em>and <em>practice managers</em>. The certifications the AAPC provides are <em>medical coding, medical auditing, physician practice management</em>, just to mention a few.
Within its code, the AAPC establishes five (5) principles of professional conduct which are <em>integrity, respect, commitment, competence, </em>and <em>fairness</em>. Efficiency is not one of them.
