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Benson Cinemas is considering a contract to rent a movie for $2,000 per day. The contract requires a minimum one-week rental period. Estimated attendance is
Benson Cinemas is considering a contract to rent a movie for $2,000 per day. The contract requires a minimum one-week rental period. Estimated attendance is as follows: Monday Tuesday Wednesday Thursday Friday Saturday Sunday 290 250 550 950 950 480 450 Required a. Determine the average cost per person of the movie rental contract separately for each day. b. Suppose that Benson chooses to price movie tickets at cost as computed in Requirement a plus $2.30. What price would it charge per ticket on each day of the week? c. Use weekly averaging to determine a reasonable price to charge for movie tickets. Complete this question by entering your answers in the tabs below. Req A Req B and C Determine the average cost per person of the movie rental contract separately for each day. (Round your answers to 2 decimal places.) Monday Tuesday Wednesday Thursday Friday Saturday Sunday Average cost per person & Rega Req B and C > Day Complete this question by entering your answers in the tabs below. Req A Reg B and C Suppose that Benson chooses to price movie tickets at cost as computed in Requirement a plus $2.30. What price would it charg ticket on each day of the week? Use weekly averaging to determine a reasonable price to charge for movie tickets. (Round your intermediate calculations and final answer to 2 decimal places.) Day Monday Tuesday Wednesday Thursday Friday Saturday Sunday Price per ticket Reasonable price
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