Short run and long run decisions

Reference no: EM1371357

Assume that you became president of small theater company. Your playhouse has the 120 seats and small stage. The actors have national reputations, and demand for tickets is enormous relative to number of seats available; every preformance is sold out months in advance. You are elected because you have demonstrated an ability to raise funds successfully. Describe some of the decisions that you must make in the short run. What might you consider to be your "fixed factor"? What alternative decisions might you be able to make in the long run? Explain.

Reference no: EM1371357

Questions Cloud

Illustrate what three of those assumptions likely are : One of basic economic laws is ‘law of one price.' It says that provided certain assumptions one would expect that if free trade is allowed, illustrate what three of those assumptions likely are.

Concept of t-bills and t-notes : Treasury funds national debt by a mix of T-bills, T-notes, and T-bonds with maturities of 10-30 years. During President Clinton's administration Treasury proposed that by issuing more T-bills

How much friction force should the brake apply to the rim : How high will a 1.85 rock go if thrown straight up by someone who does 75 of work on it? Avoid air resistance.

Determine prices of goods x and y : When consumer is provided a $50 gift certificate that is good only at store X, she moves to a new equilibrium at point D. Prices of goods X and Y. Explain how many units of product Y could be purchased at point A.

Short run and long run decisions : Assume that you became president of small theater company. Your playhouse has the 120 seats and small stage. The actors have national reputations, and demand for tickets is enormous relative to number of seats available

What is focal length of the lens : A 35 g bullet moving at 475 m/s strikes a 4.20 kg bag of flour that is on ice, at rest. The bullet passes through the bag, leaving at 270 m/s. How fast is the bag moving when the bullet exits.

Compare time complexity-convolution using direct convolution : Compare time complexity of convolution with n x n kernel when using: direct convolution with 2-D mask, and separable kernel.

Explain have you ever seen approach to leadership : Explain Have you ever seen (or been involved in) a situation in which a participative approach to leadership has gone bad?

Plot total revenue in each case : Suppose Microsoft chooses to produce 80 million copies of software per year and sells copies of software to retailers at $199 per copy. Now consider problem of a retailer like Circuit City or Best Buy.

User Account

All Pages