A cinema hall has a capacity of 150 seats

Assignment Help Business Economics
Reference no: EM13150670

A cinema hall has a capacity of 150 seats. The owner can o er students a discount on the price when they show their student
IDs. The demand for tickets from students is Ds = 220 - 40Ps;where Ps is the price of tickets for students after the discount.
The demand for tickets for non-students is Dn = 140 - 20Pn;where Pn is the price of tickets for non-students.
i. What is the maximum pro t the owner can make?
ii. What is the maximum pro t he could make if the demand
functions of students and non-students were interchanged?         

Reference no: EM13150670

Questions Cloud

Is the difference large enough to be important : Interpret the results at α = .01. (c) Is normality assured? (d) Is the difference large enough to be important? (e) What else would medical researchers need to know before prescribing this drug widely?
How much is imported in barrels of oil and it value per year : Draw the US demand and supply curves for oil and indicate how much is imported in barrels of oil and its value per year.
What is the po43- concentration : A stock solution is prepared by adding 24 mL of 0.4 M Na3PO4 to enough water to make 76 mL. What is the PO43- concentration of 25 mL of the stock solution
What is the major goal of cellular respiration : What is the major goal of cellular respiration?
A cinema hall has a capacity of 150 seats : A cinema hall has a capacity of 150 seats. The owner can o er students a discount on the price when they show their student
Ratio indicates the percentage of each sales : What ratio indicates the percentage of each sales dollar that is available to cover fixed costs and to provide a profit?
Conclude that households have children : A simple random sample is found to be (0.7, 2.1). Can we conclude that 90% of households have between 0.7 and 2.1 children? Justify your answer.
Calculate the ph of a solution : Calculate the pH of a solution formed by mixing 65 mL of 0.31 M NaHCO3 with 75 mL of 0.10 M Na2CO3.
What type of interaction is directly responsible : What type of interaction is directly responsible for the formation of secondary structure?

Reviews

Write a Review

Business Economics Questions & Answers

  Compute nominal gdp in every year

Assume the subsequent data describe o/p in two different yrs. Compute nominal GDP in every yr.

  What happens to demand for dollars vs demand for a currency

When US assets are more attractive to foreign investors, what happens to demand for dollars vs demand for a foreign currency.

  What will happen to the price of premium coffee

If hard freeze eliminates Brazil's premium coffee crop, illustrate what will happen to the price of premium coffee.

  Marketplace that provides auctions

Market that gives auctions, request for quote postings, and other features to firms that want to operate their own marketplace.

  Caring for workers

Several big companies offer employees time off during the workday to attend seminars on how to improve their health. Some even give bonuses to people who show that they are adopting healthy lifestyles through,

  State appropriate null and alternative hypothesis

To test her hypothesis, she collected a simple random sample of 100 starting clerical salaries from across state and found that sample mean is $29,750. State appropriate null and alternative hypothesis.

  Find out a numerical equation linking planned aggregate

Find out a numerical equation linking planned aggregate expenditure to output. Show the determination of short-run equilibrium output for this economy using the Keynesian cross diagram.

  Efforts must be made to uncork also pour both bottles

whenever the same efforts must be made to uncork also pour both bottles.

  What happens to in short run

Show long run effect on In Phillips curve diagram. If expectations are rational and increase in money growth is announced, what happens to In short run.

  Proviade two examples of actions taken by a company

Proviade two examples of actions taken by a company, government, or organization whose effect is to prevent specific markets from reaching equilibrium.

  Early classical economists view the relation

Explain how did the early classical economists view the relation between productions also consumption.

  Corporate profitability declined

What performance % would you use to trigger executive bonuses for that year.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd