Paint and Sip Sells Admission Tickets for a Painting Class

question 24

Multiple Choice

Paint and Sip sells admission tickets for a painting class for $70 each. The cost of providing the canvas and supplies is $38 per ticket and the fixed cost of operating the art gallery is $55,000 per month. The company can accommodate 5900 patrons each month. What is the projected monthly income if 4400 patrons visit the theater each month?

• A)$195,800
• B)$140,800
• C)$133,800
• D)$85,800

Grasp the process and objectives of recruitment in organizations.

Know how to create effective job descriptions and how they serve different organizational needs.

Understand the role of supervisors and the human resources department in the recruitment and selection processes.

Recognize effective methods for internal recruitment within an organization.

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Definitions:

Substitution Effect

The change in consumption patterns due to a change in relative prices, holding the consumer's level of utility constant.

Price

The fiscal amount needed for the acquisition of a product or service.

Delphiniums

A genus of flowering plants known for their tall spikes of colorful flowers, commonly found in gardens.

Perfect Substitutes

Goods or services that can be used in exactly the same way and to the same extent, where one can completely replace the other in consumption.