1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ganezh [65]
2 years ago
8

Vincent operates a scenic tour business in Boston. He has one bus which can fit 50 people per tour and each tour lasts 2 hours.

His total cost of operating one tour is fixed at $450. Vincent’s cost is not reduced if he runs a tour with a partially full bus. While his cost is the same for all tours, Vincent uses a pricing practice called price discrimination and charges each passenger his/her willingness to pay: adults $18 per trip, children $10 per trip, and senior citizens $12 per trip. At those rates, on a typical day Vincent’s demand is:
Passenger Type

Willingness to Pay

Demand per day

Adults

$18

70

Children

$10

25

Senior Citizens

$12

55

Assume that Vincent’s customers are always available for the tour; therefore, he can fill his bus for each tour as long as there is sufficient total demand for the day.
What is Vincent’s cost of serving all passengers demanding a tour on a typical day?
What is Vincent’s profit on a typical day?
One of Vincent’s friends tells him he would be more profitable if he charged a single price of $18. Assuming no changes in consumer demand, what would Vincent’s profit be if he charged every customer $18? (3 points)
Business
1 answer:
4vir4ik [10]2 years ago
4 0

Answer:

lmk when you get sumtn bro

Explanation:

i need the answer too

You might be interested in
Which of the following is true regarding positive organizational scholarship? a. It involves monitoring negative practices in or
Harrizon [31]

Answer:

Letter D is correct. It studies how organizations develop human strengths, foster vitality, and unlock potential

Explanation:

Positive Organizational Scholarship is a way for an organization to motivate and stimulate the capabilities of its employees. It is a way of identifying the strengths and weaknesses of each employee and encouraging them to improve their skills and developing new skills that will help them to succeed. joint result of the company.

5 0
3 years ago
Transportation rates:
nydimaria [60]

Answer:

(B) are established primarily through negotiation.

Explanation:

Transportation rates can be referred to as the cost paid by users for transportation services. They are the negotiated economic cost of moving a traveler or a unit of freight between a specific origin and location. Rates are often visible to the consumers since transport service providers must provide this information to secure transactions.

In transportation, the scale of operations change by:

  1. Adding more vehicles to the fleet
  2. Adding more cars to a train
  3. Increasing the size of vehicles
  4. Operating in a larger network
7 0
3 years ago
A wedding party hired a sole proprietorship to cater their wedding. In this situation, the sole proprietorship is a partnership,
vova2212 [387]
True, because what paragraph
4 0
3 years ago
Read 2 more answers
If a $1000 computer is marked off 35%, what is the sale price?. A). $300. Eliminate. B). $350. C). $650. D). $1350
Thepotemich [5.8K]
C
1000 * 0.35 = 350
1000 - 350 = $650
8 0
3 years ago
Read 2 more answers
Activity Levels Used to Compute Overhead Rates Reggie Wilmore has just started a new business-building and installing custom gar
Olenka [21]

Answer:

1. $3.18 and $2.55

2. expected annual activity

Explanation:

The computation of the predetermine overhead rate is shown below:

1. For Expected actual activity, it is

= (Overhead for the coming year) ÷ (completed jobs × direct labor hours)

= ($15,600) ÷ (140 jobs × 35 direct labor hours)

= $3.18

And, for  Theoretical activity, it is

= (Overhead for the coming year) ÷ (completed jobs × direct labor hours)

= ($15,600) ÷ (175 jobs × 35 direct labor hours)

= $2.55

2. Based on the predetermined overhead rate, the expected actual activity has highest predetermined overhead rate as compared to the theoretical activity

So the Reggie should use the same

5 0
3 years ago
Other questions:
  • Writing down ways you would like your community to improve is an example of which of the following? A. humanitarianism B.generat
    14·2 answers
  • Which is an example of a withholding you might see on your pay stub?
    10·1 answer
  • If the market interest rate remains at 5% for the next 29 years, and if Leggio's credit rating remains constant, then the price
    11·1 answer
  • Job 590 has a total cost of $29,200. It has been charged manufacturing overhead costs of $7200. The rate is 85% of direct labor.
    9·1 answer
  • ____ cards contain a chip that can store a large amount of information as well as on a magnetic stripe for backward compatibilit
    13·1 answer
  • Millionaires are usually:
    10·1 answer
  • Synovec Corporation is expected to pay the following dividends over the next four years: $5.20, $16.20, $21.20, and $3.00. After
    8·1 answer
  • PLEASE ANSWER ASAP!!! (proof isnt needed!)<br> also rocky u better not be a troll!
    7·1 answer
  • Calculate the arithmetic average returns for large-company stocks and T-bills over this period. (Do not round intermediate calcu
    5·1 answer
  • The Pirates of Penzance Company delivers goods to various areas around the world. The company has a great reputation for being p
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!