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]
3 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]3 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 factors, all else being equal, will increase the net present value of cash? 1) increase in reclamation 2)
PSYCHO15rus [73]

Answer:

increase in capital expenditure

7 0
3 years ago
Read 2 more answers
Which of the following is a distinguishing characteristic of oligopoly? Question 1 options:_____
julsineya [31]

Answer:

B. Natural barriers cannot prevent the entry of new firms.

Explanation:

Natural barriers cannot prevent the entry of new firms as firms should be free to enter and exit the industry. Every firm's actions or dealings influence the profits of all the other firms.

3 0
3 years ago
George is paid for holidays, sick days, vacation, personal days, and jury duty. these are his _____. paid leave benefits insuran
MariettaO [177]
I think the correct answer from the choices listed above is the first option. <span>George is paid for holidays, sick days, vacation, personal days, and jury duty. These are his paid leave benefits. Hope this answers the question. Have a nice day.</span>
4 0
3 years ago
Read 2 more answers
Harvey Automobiles uses a standard part in the manufacture of several of its trucks. The cost of producing 60 comma 000 parts is
Fittoniya [83]

Answer:

$69,000

Explanation:

The computation of the operating income would be shown below:

= Buying cost - making cost

where,

Buying cost equals to

= 60,000 × $3

= $180,000

And, the making cost would be

= Variable cost + fixed cost × avoid percentage

= $90,000 + $70,000 × 30%

= $90,000 + $21,000

= $111,000

Now put these values to the above formula  

So, the value would equal to

= $180,000 - $111,000

= $69,000

7 0
3 years ago
what are the two factors that go into which item is thought of as bought first, etc., when choosing between several possible pur
ANTONII [103]

Answer:

Fifo

Explanation:

Because the stock that is bought first should be the one to be purchased first

8 0
2 years ago
Other questions:
  • Suppose you work for a bank and are responsible for determining whether you should give someone credit. Create a list of the top
    10·1 answer
  • Suppose that for the population of uncg students, the mean of gpa is 3.46 and the median of gpa is 3.02. if you randomly select
    13·1 answer
  • Levon is writing a persuasive message. what is the first task his message should accomplish?
    15·2 answers
  • Say you take out a loan with a principal of $44,500. The interest rate is 13.11%, compounded monthly. If you make consistent mon
    7·2 answers
  • Kevin meets with a young man who wants to start saving for his son’s college education. What is Kevin’s profession?
    13·2 answers
  • Select the items that describe a monopoly.
    9·2 answers
  • What is marketing mix? explain 4 P's of marketing mix.​
    12·2 answers
  • The average cost associated with each additional dollar of financing for investment projects is:_________
    14·1 answer
  • Help! Which tasks commonly are performed in Management and Entrepreneurship jobs? Check all that apply.
    5·2 answers
  • The Summerlin Company reported pretax accounting income on its income statement as follows:
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!