Why would it matter to restaurant if customer local resident

Reference no: EM131020657

Las Vegas is one of the most popular tourist destinations in the United States. In November 2008, the Rio Hotel and Casino in Las Vegas dropped the price of its breakfast buffet to $5.99 for local residents, while keeping the regular price of $14.99 for nonlocals. When setting the price for a meal, why would it matter to the restaurant if the customer is a local resident?

Reference no: EM131020657

Questions Cloud

Short-term unexpected returns can be either positive : Which one of the following statements related to unexpected returns is correct? Unexpected returns are relatively predictable in the short-term Unexpected returns can be either positive or negative in the short term but tend to be zero over the long-..

What is the debt ratio after the change in structure : How many shares can the company buy back with the $160 million of new debt that it issues?

Assume the sale form action is annually based : Assume Enterprise Inc. Sells special widgets per week. They are able to sell 400 widgets per week. Assuming the carrying cost per unit is $2.00. What is the total carrying cost per week? Assume another company sells common widgets (and assume the sal..

What is the present value of your winnings : You have just won the lottery and will receive $1,000,000 in one year. You will receive payments for 25 years and the payments will increase by 3.8 percent per year. If the appropriate discount rate is 7.8 percent, what is the present value of your w..

Why would it matter to restaurant if customer local resident : In November 2008, the Rio Hotel and Casino in Las Vegas dropped the price of its breakfast buffet to $5.99 for local residents, while keeping the regular price of $14.99 for nonlocals. When setting the price for a meal, why would it matter to the ..

What are bond equivalent and discount yields on investment : The treasurer of a large corporation wants to invest $33 million in excess short-term cash in a particular money market investment. The prospectus quotes the instrument at a true yield of 4.21 percent; what are the bond equivalent and discount yields..

What is the equilibrium price and quantity of electricity : Prior to the imposition of the proposed excise tax what is the equilibrium price and quantity of electricity in this market? Show your work and make sure you include the units of measurement for both of your answers here

What is the incremental operating profit the firm : Bangers, In. is a start up manufacturer of Australian style frozen veggies pies located in San Antonio. The company 5 yrs old and recently installed the manufacturing capacity to quadruple its unit sales. what is the incremental operating profit the ..

Which of the joint products should be processed further : To maximize firm value, which of the joint products should be processed further and which should be sold without further processing?

User Account

All Pages