The Graphs Represent the Demand for Use of a Local

question 300

Multiple Choice

The graphs represent the demand for use of a local golf course for which there is no significant competition. (It has a local monopoly.) P denotes the price of a round of golf, and Q is the quantity of rounds "sold" each day. If the left graph represents the demand during weekdays and the right graph the weekend demand, then over the course of a full seven-day week, this price-discriminating, profit-maximizing golf course should sell a total of

• A)300 rounds.
• B)740 rounds.
• C)900 rounds.
• D)1,200 rounds.

Understand the implications of fixed expenses, sales, and contribution margin ratios on financial decision-making.

Apply theoretical knowledge to calculate average operating assets from given operational data.

Interpret the impact of various financial opportunities on company turnover and margin.

Assess the combined effect of investment opportunities on overall company performance through ROI and margin analysis.

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