Consider the Following Scenario to Answer the Following Questions: EJH

question 73

Multiple Choice

Consider the following scenario to answer the following questions: EJH Cinemas,a movie theater next to your university,attracts two types of customers-those who are associated with the university (students,faculty,and staff) and locals who live in the surrounding area.There are 10,000 university customers interested in purchasing movie tickets from EJH Cinemas,with a maximum willingness to pay of $7 per ticket.There are 20,000 local customers interested in purchasing tickets,with a maximum willingness to pay of $9 per ticket.The movie theater incurs a constant marginal cost of $4 per ticket.For simplicity,assume each customer purchases,at most,one ticket.
-What will be the amount of EJH Cinemas' total revenue if the price is $9 per ticket?

• A) $250,000
• B) $210,000
• C) $180,000
• D) $140,000
• E) $105,000

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Definitions:

Intimacy

A state of close familiarity or friendship, often referencing emotional closeness in relationships.

Autonomy

The capacity to make an informed, uncoerced decision independently, often discussed in the context of moral, ethical, or legal decision making.

Negligent

Failing to take proper care in doing something, often leading to harm or damage as a result of this carelessness.

Authoritarian

Pertaining to a system of government or leadership style that emphasizes strict obedience to authority at the expense of personal freedom.