Table 10.2Table 10.2 contains price, demand and cost data for the Capri Theater, the only first-run movie theater in a small town. What is its profit from students under the single price policy?
A. $150
B. $180
C. $450
D. $540
Answer: A
You might also like to view...
If the net benefit of Project A is $10 and that of Project B is $12, which of the following statements is true?
A) An individual can optimize by choosing Project B. B) Switching from Project A to Project B reduces the net benefit by $2. C) An individual can optimize by choosing Project A. D) Switching from Project A to Project B increases the net benefit by $1.2.
In the case of a domestic monetary shock, floating exchange rates
A) make the home economy less vulnerable. B) make the home economy more vulnerable. C) make the foreign economy more vulnerable. D) would not affect the foreign economy. E) would not affect the home economy.
Which of the following accounts for the highest percentage of health care dollar spending in the United States?
a. prescription drugs b. physician services c. program administration and net cost d. hospital care
Anti-dumping laws block imports that are sold below the cost of production by imposing ________.
a. tariffs that increase the price of these imports to levels higher than their cost of production b. tariffs that increase the price of these imports to reflect their cost of production c. nontariff barriers that increase the price of these imports to reflect their cost of production d. nontariff barriers that make the importing of these products difficult