Answer:
64
Step-by-step explanation:
Answer: i. There are 140 students willing to pay $20.
ii. There are 200 staff members willing to pay $35.
iii. There are 100 faculty members willing to pay $50.
Step-by-step explanation: Suppose there are three types of consumers who attend concerts at Marshall university's performing arts center: students, staff, and faculty. Each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. There is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs.
For each concert:
A) If the performing arts center can charge only one price, what price should it charge? What are profits at this price? B) If the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits?
C) If the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?
Step-by-step explanation:
to find a common denominator, you have to find a number that "works" with every other number.
for example, say you have
2/4 and 8/12
First you need to find the common factor between 4 and 12, so list all your fours
4, 8, 12, 16, 20
Now list all your twelves
12, 24, 36, 48, 60
to find the common factor you look at both your list of numbers and find one that's the same, sometimes it takes a long list of numbers to find the common factor, but you will run into one.
So by looking at our list we see that 4 and 12 share the common factor of 12. but since 8/12 already has a denominator of 12, we are going to leave it alone.
now think about what you would multiply 4 by, to get to 12. The answer is
4 x 3 = 12
to make the numerator correct, you multiply it by the same number you did 4, so since your faction is 2/4 you should do 2 x 3 = 6
now you have your answer,
2/4 and 8/12 turns into
6/12 and 8/12
and that's how you find it, let me know if you have questions :)
Answer:
hello I really do not get how yo read it because the words are so small sorry
