If the owners charge a higher price of $16 for each movie, then they will have a total profit of (1). If the owners charge a lower price of $12 for each movie, then they will have a total profit of (2). If the owners choose to charge only a single price, then they should charge the (3) price; however, if the owners are able to price discriminate and charge both $12 and $16, then they will earn a profit of (4).
1. 1,200
2. 1,600
3. lower
4. 2,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If the owners charge a higher price of $16 for each movie, then they will have a total profit of (1). If the owners charge a lower price of ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The lower a firm's inventory turnover, the longer it takes the firm to collect payment on its sales. a. faster the firm collects payment on its sales. b. faster the firm sells its inventory. c. longer inventory sits on the firm's shelves. d.
Answers (1)
Franco and Jason share income and losses in a 2:1 ratio after allowing for salaries of $15,000 and $30,000. If the partnership suffers a $15,000 loss, by how much would Jason's capital account increase?
Answers (1)
Linda has signed a two-year long contract with HNS Inc., a clothing retail store, to work as a sales trainee. Linda’s parents are outraged because Linda is not yet 18 years of age.
Answers (1)
A drawback of buying a franchise is there is more opportunity for creativity, resulting in the owner spending too much time in this area. if the national chain suffers, so does the franchisee. the sba (small business administration) frowns upon it.
Answers (1)
Flynn Company reported a net income of $21,000 for the year ended December 31, 20XX. During the year, accounts receivable decreased $5,000, merchandise inventory increased $11,000, accounts payable increased by $10,000, and depreciation expense of
Answers (1)
New Questions in Business
Which of the following best describes how consumers let producers know what they want to buy and how much they're willing to pay? O A. The purchases consumers make indicate their desires to producers. O B.
Answers (2)
Listing agreements Must be in writing. Are not legally binding. Are unilateral employment contracts. Create an agency relationship.
Answers (1)
Josh is walking to ben hill griffin stadium on gameday when a coca-cola representative offers him and his friends free cans of their new and improved cherry coke. what element of the promotional mix is coca-cola using?
Answers (1)
In the long run, a representative firm in a monopolistically competitive industry will end up multiple choice having an elasticity of demand that will be less than it was in the short run.
Answers (1)
The government determines prices for goods and services in what kind of economy?
Answers (2)