Business, 07.11.2019 20:31 bbh22

You are the manager of a movie theater that is the only one in a local market, so you have strong market power. you have extensively researched your customer base and realize you have two types of segmentable customers: (i) students who have an elasticity of demand for movies of -2.7 and (ii) senior citizens who have an elasticity of demand for movies of -5.1. which of the following pricing schemes would you employ to enhance profits? a. set higher prices to the students as their demand is relatively more elastic. b. set higher prices to the students as their demand is relatively more inelastic. c. set higher prices to the senior citizens as their demand is relatively more elastic. d. set higher prices to the senior citizens as their demand is relatively more inelastic.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 13:00

Dakota products has a production budget as follows: may, 16,000 units; june, 19,000 units; and july, 24,000 units. each unit requires 3 pounds of raw material and 2 direct labor hours. dakota desires to keep an inventory of 10% of the next month’s requirements on hand. on may, 1 there were 4,800 pounds of raw material in inventory. direct labor hours required in may would be:

Answers: 1

Answer

Business, 22.06.2019 22:10

Which of the following is usually not one of the top considerations in choosing a country for a facility location? a. availability of labor and labor productivityb. attitude of governmental unitsc. location of marketsd. zoning regulationse. exchange rates

Answers: 1

Answer

Business, 22.06.2019 22:20

David consumes two things: gasoline (q 1) and bread (q 2). david's utility function is u(q 1, q 2)equals70q 1 superscript 0.5 baseline q 2 superscript 0.5. let the price of gasoline be p 1, the price of bread be p 2, and income be y. derive david's demand curve for gasoline. david's demand for gasoline is q 1equals nothing. (properly format your expression using the tools in the palette. hover over tools to see keyboard shortcuts. e.g., a subscript can be created with the _ character.)

Answers: 1

Answer

Business, 23.06.2019 09:30

Which part in a cover letter do you write down skills and experience

Answers: 1

Answer

You know the right answer?

You are the manager of a movie theater that is the only one in a local market, so you have strong ma...

Questions

Business, 24.08.2019 04:30

Is the process of reducing the workforce through eliminating jobs, which cuts costs and improves efficiency....