« previous next »

Author Question: If movie theatres decided to increase the price for the movie tickets, holding other factors ... (Read 137 times)

Tirant22

  • Hero Member
  • *****
  • Posts: 532
on: Jul 1, 2018
If movie theatres decided to increase the price for the movie tickets, holding other factors constant, what would happen to the demand for popcorn in the theatres?
 a. the demand for popcorn would shift to the left because popcorn and movies are substitute goods.
 b. the demand for popcorn would shift to the left because popcorn and movies are complementary goods.
  c. the demand for popcorn would shift to the right because popcorn and movies are substitute goods.
  d. the demand for popcorn would shift to the right because popcorn and movies are complementary goods.

Question 2

You can either invest in project A or B. Project A could have a value of 150 with a probability of 0.1 or a value of 75 with probability 0.9 . Project B could have a value of 120 with probability 0.2 or a value of 75 with a probability of 0.8 . Which project should you invest in?
 a. Project A
 b. Project B
 c. Neither of the projects
 d. You cannot tell from the information presented


vseab

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Risk factors for falls Risk factors for falls
Exon recognition through cooperative binding of SR proteins and splicing factors Exon recognition through cooperative binding of SR proteins and splicing factors
Risk Factors for Diabetes Risk Factors for Diabetes
Hematopoietic Growth Factors Hematopoietic Growth Factors
How an Increase in Income Inequality Affects the Desired Tax Rate How an Increase in Income Inequality Affects the Desired Tax Rate
Factors That Affect BP Factors That Affect BP
Video: Brain Anatomy Animation (Part 1 of 2)

For a complete list of videos, visit our video library