During its run on​ Broadway, the play The Producers regularly sold out all available tickets at the St. James Theater. The theater could have raised ticket prices from​ $75 to​ $125 and still sold all available tickets but chose not to do so. The best explanation for this decision is A. theater owners are not motivated to maximize their profits. B. theater owners are unaware of the elasticity of demand for Broadway shows. C. theater owners do not want to raise their prices on​ weekends, when demand is​ high, and then have to lower prices during the​ week, when demand is lower. D. firms sometimes give up profits in the short run to keep their customers happy and increase their profits in the long run.

Upscale hotels in the united states recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. a survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the internet and the telephone, to transact business. assume a company's budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. graphically illustrate how a 20 percent decline in the price of business travel would impact this company's budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. is the company allocating resources efficiently? explain.

Which of the following would be an accurate statement about achieving a balanced budget

Four students are at an extracurricular activity fair at their high school and are trying to decide which clubs to join. some information about the students is listed in this chart: which describes which ctso each student should join?