78. You own a theater with 200 seats. The demand for seats is Q = 300
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7–8. You own a theater with 200 seats. The demand for seats is Q = 300 − 100P. You are charging $1.25 per ticket and selling tickets to 175 people. Your costs are fixed and do not depend on the number of people attending. Should you cut your price to fill the theater? Explain. What other pricing policies might you use to increase your profits?
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Zafar Alam
After persuing B Tech Degree in Computer Science and Engineering, I have joined NIIT Limited as TM-Programmer for a year. After that I worked as a System Engineer in Tata Consultancy Services (TCS) for 2 years. Due to more interest in teaching I left the job in TCS and got involved in taking tuition. I started giving home tuition to +2 level students for Chemistry. Along with chemistry I am also involved with Computer Students for Computer Programming.
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Managerial Economics And Organizational Architecture
ISBN: 9781260571219
7th International Edition
Authors: Clifford W. Smith, Jerold Zimmerman, James Brickley
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