Question on pricing strategy

Reference no: EM1368590

Movie theaters generally charge the same ticket price for all movies with evening show times, regardless of popularity. This pricing strategy causes surpluses (empty theater seats) for unpopular films and shortages (turning away prospective viewers) for popular films. How can movie theaters improve the pricing strategy to eliminate these inefficiencies? What is a disadvantage to your suggested approach?

Reference no: EM1368590

Questions Cloud

Calculate annual tax : Assume you currently earn taxable income of $100,000 per year. You are subject to an MTR of 50%. Currently, your ATR is 35%. Calculate your annual tax.

Create and annotate class hierarchy for types of faculty : Create and annotate a class hierarchy to represent various types of faculty at a university. Show what characteristics would be represented in various classes of hierarchy.

Calculate the electrostatic force : Calculate the electrostatic force exerted on the point charge by the cylinder and what level of uncertainty would be acceptable in the initial position? You may assume that the uncertainty in all other parameters is negligible

Draw a rough lorenz curve : Suppose following estimates from the 1990s of shares of income of each group. Draw a rough Lorenz curve for each country. Which has most nearly equal distribution,

Question on pricing strategy : Movie theaters generally charge the same ticket price for all movies with evening show times, regardless of popularity. This pricing strategy causes surpluses for unpopular films & shortages for popular films.

Write function to merge contents of two sorted arrays : Write a function which will merge contents of two sorted (ascending order) arrays of type FLOAT values, use efficient bubble sort to sort two arrays first and then use merger function.

Explain some contend that the main reason memberships : Explain Some contend that the main reason memberships in labor union has decline in recent years has been the passage of anti-labor legislation in the late

Determination of whether goods are intermediate or final : The following outputs considered an intermediate good, a final good, or neither for purposes of calculating GDP in the current year.

Explain great corporation has the following capital situatio : Explain Great Corporation has the following capital situation and Two thousand shares of preferred are outstanding, each of which pays an annual dividend

User Account

All Pages