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Author Question: Most movie theatres charge different prices to different groups of customers for movie admission but ... (Read 135 times)

charchew

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on: Jun 29, 2018
Most movie theatres charge different prices to different groups of customers for movie admission but not on movie popcorn. Which of the following is a reason for this?
 
  A) because the markup on movie popcorn is very high and movie theatres do not want to forgo this source of revenue
  B) because it is easier to limit resale in movie admissions but not in popcorn
  C) because the cost of operating a concession stand in a movie theatre is very high compared to the cost of showing a movie
  D) because the demand for popcorn is very high relative to the demand for movie admissions

Question 2

In the long run, firms in both monopolistically competitive markets and perfectly competitive markets earn zero economic profits, but unlike perfectly competitive firms in the long run, monopolistically competitive firms
 
  A) charge a price that is equal to marginal cost.
  B) charge a price that is equal to average total cost.
  C) do not produce at minimum average total cost.
  D) charge a price that is greater than average revenue.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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mcinincha279

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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charchew

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Reply 2 on: Jun 29, 2018
Wow, this really help

jordangronback

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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