Categorizes your potential consumers

Assignment Help Business Economics
Reference no: EM136569

Q. You run a chain of movie theaters; consequently you commission a marketing study about categorizes your potential consumers into 10 equal-sized groups according to what they are willing to pay for a movie ($10, $9, $8, $7, $6, $5, $4, $3, $2, $1). It turns out that low the value of customer groups, those with values ($5, $4, $3, $2, $1), are all over 65 years old. All costs of exhibiting movies are fixed except for the $3.50 royalty payment you must make to the film distributor for each ticket sold. What price should you charge for the movie tickets? Should you offer senior citizen discount? If so, how much?

Reference no: EM136569

Questions Cloud

Propose two ways the photosynthesis process be improved : Propose two ways the photosynthesis process be improved. If the sequence TCGTA was used as a template in DNA replication, what will the sequence of bases be on the newly synthesized strand.
Share holder maximization model of a firm : In the context of share holder maximization model of a firm, what is the expected impact of each of the event on the value of the firm?
Desired investment function would change the way : Assume the price elasticity of demand for heating oil is 0.7 in the long run also 0.2 in the short run.
What male structures serve only for excretion : When a sperm cell comes into contact with an egg cell, there is a change in the electrical charge across plasma membrane and various channel proteins close. What are these channels known as.
Categorizes your potential consumers : All costs of exhibiting movies are fixed except for the $3.50 royalty payment you must make to the film distributor for each ticket sold.
What effect ebv would have on b cell function : What effect do you think EBV would have on B cell function. What phenotypes would you expect in the F2, and in what actual numbers (not ratios) will you expect to find out them.
Efforts to reduce the deficit : After reviewing efforts to reduce the Deficit, discuss the actions in use by Congress since 1985 to reduce the budget deficits.
The sympathetic division of an autonomic nervous system : Water is most dense and therefore heavier at 4 degrees Centigrade. At zero degrees Centigrade ice forms and can float on liquid water. Assume ice were most dense at zero degrees Centigrade. Select the best explanation of what would happen in aquatic ..
Net asset value at the start and end of the year : Consider a mutual fund with $720 million in assets at the start of the year and with 10 million shares outstanding.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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