Describe total revenue from tickets

Assignment Help Managerial Economics
Reference no: EM1371887

Mid-Atlantic Cinema, runs a chain of movie theaters in east central states and has enjoyed great success with a Tuesday Night at the Movies promotion. By offering half off its regular $9 admission price, average nightly attendance has risen from 500 to 1,500 persons. Popcorn and other concessions revenues tied to attendance have also risen dramatically. Historically, Mid-Atlantic has found that 50 percent of all moviegoers buy a $5 cup of buttered popcorn. Eighty percent of these popcorn buyers, plus 40 percent of moviegoers that do not buy popcorn, each spends an average of $4 on soda and other concessions.

A. Write an expression describing total revenue from tickets plus popcorn plus other concessions.

B. Forecast total revenues for both regular and special Tuesday night pricing.
C Forecast the total profit contribution earned for the regular and special Tuesday night pricing strategies if the profit contribution is 30 percent on movie ticket revenues and 80 percent on popcorn and other concession revenues.

 

Reference no: EM1371887

Questions Cloud

Diameter bounded minimum spanning tree of graph by prim-s : Modify Prim's or Kruskal's algorithm to determine diameter bounded minimum spanning tree of complete graph. A diameter bounded minimum spanning tree is spanning tree.
Question on international finance : Frizzell Corporation has 1,000,000 euros as receivables due in thirty days, and is certain that the euro will depreciate substantially over time. Suppose that the firm is correct,
Find the maximum load on bevel gear and shaft : You have a bevel gear and shaft and you have to find the maximum load that can be applied on it.
Write adjacency-list representation for complete binary tree : Provide the adjacency-list representation for complete binary tree on 7 vertices. Provide the equivalent adjacency - matrix representation. Suppose that vertices are numbered from 1 to 7 as in binary heap?
Describe total revenue from tickets : Mid-Atlantic Cinema, runs a chain of movie theaters in east central states and has enjoyed great success with a Tuesday Night at the Movies promotion.
Production and cost in the short run : Discuss why it would cost Pete Sampras or Venus Williams more to leave the pro tennis tour and open a tennis shop than it would cost a coach of a tennis team to do so.
Determining short run-long run movement : Assume Labor is the Variable Input. Capital and Land are the inputs which requires the longest time period before they can be adjusted. Explain the movement of the resources in both SHORT RUN and LONG RUN
Merger of detroit daily news and detroit free press : In 1989, Detroit Free Press and Detroit Daily News obtained authorization to combine under a special exemption from the antitrust laws.
Write down critical success factors for project manager : Write down the critical success factors for project manager? what skills must managers look for when hiring someone who would be successful in this job?

Reviews

Write a Review

 

Managerial Economics Questions & Answers

  Market structure and pricing decision applied problems

Market Structure and Pricing Decision Applied Problems, BUS 640 Managerial Economic,

  What is the profit maximizing number of gizmo widgets

What is the profit maximizing number of Gizmo Widgets that should be introduced? Be sure to account for the fact that Gizmo Widgets displace other kinds of widgets. Again, be sure you provide a brief explanation of your approach/reasoning.

  Determine autocorrelation function of a rectangular pulse

Prepare the sketch the Fourier transform of a rectangular pulse of amplitude 10 V and width 0.1 second that is centered on the zero time axis. Determine the autocorrelation function of a rectangular pulse.

  Calculate the expected stock price and standard deviation

Assume that a stock price has an expected return of 16% per year and a volatility of 30% per year. When the stock price at the end of a certain day is $50,

  Colleges and universities professor salaries

At several universities and colleges, business professors receive higher salaries than professors in others fields. Why might this be the case?

  Substantially to pricing and product design

Dell Computer Corporation, the world's biggest personal computer maker, is keenly aware of everything its rival PC manufacturers decide to do.

  Determine the annual break even point

Andre has asked you to evaluate his business, Andre's Hair Styling. Andre has five barbers working for him. Each barber is paid $9.90 every hour and works a forty hour week and a fifty week year,

  Calculate time weighted rate of return

A portfolio manager is being evaluated based on the time-weighted average rate of return. If the manager had achieved annual returns for the past three years of 2.5 percent, 14.5 percent and 9 percent on one initial investment of $500,000,

  Managerial economics assignment

Carry out an analysis from the standpoint of both EMV and expected utility to establish Jeremiah’s best course of action, including a consideration of his bidding strategy with regard to the auction.

  Estimate the coefficients of the demand model

Estimate the coefficients of the demand model for the data given above. Provide an economic interpretation for each of the coefficients in the estimated demand equation you have compuated.

  Marginal physical product of labor

Use the following information for a company's output at various levels of employment to compute: its marginal physical product of labor schedule; its schedule,

  Explain growth maximisation model of morris

Describe critically growth maximisation model of morris - Grade Level : Post Graduate Level

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd