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 revenue from students under the single price policy?
A. $150
B. $180
C. $450
D. $540
Answer: B
You might also like to view...
Duration analysis involves comparing the average duration of the bank's ________ to the average duration of its ________
A) securities portfolio; non-deposit liabilities B) assets; liabilities C) loan portfolio; deposit liabilities D) assets; deposit liabilities
If demand is represented as Qd = 20 - 3P and supply is represented as Qs = 4 + 5P, the demand curve intersects the y axis at a price of ________ and the supply curve intersects the y axis at a price of ________
A. $3; $5 B. $24; $2 C. $17; $9 D. $20; $4
The ________ refers to the amount a household would like to work within a given period at the current wage rate if it could find the work.
A. unconstrained supply of labor B. labor-force participation rate C. natural rate of unemployment D. constrained supply of labor
Collusion is:
A. easy to maintain since firms always have an incentive to renege. B. difficult to maintain since firms always have an incentive to renege. C. difficult to maintain since firms rarely agree on the terms. D. easy to maintain since firms face similar cost curves.