Table 7.2
-Table 7.2 contains price, demand, and cost data for the Capri Theater, the only first-run movie theater in a small town. What is its revenue from students under the single price policy?
A) $150
B) $180
C) $450
D) $540

Question

Table 7.2
-Table 7.2 contains price, demand, and cost data for the Capri Theater, the only first-run movie theater in a small town. What is its revenue from students under the single price policy?
A) $150 
B) $180 
C) $450 
D) $540

Quizplus · Accepted Answer

Under the single price policy, the theater charges a uniform price of $6 for all customers. From the table, we can see that the demand for student tickets at this price is 30. Therefore, the revenue from students can be calculated as:

$6 per ticket x 30 tickets = $180

So, the best choice is B.

Table 7.2 -Table 7.2 Contains Price, Demand, and Cost Data for the for the Capri