How much does it cost to comple

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How much does it cost to comple

How much does it cost to comple
Instructions You are continuing to serve as a private economic consultant for Ruby Red Movie Theater in town. The theater would like to have your input concerning what prices they should charge for movie tickets and the average prices for concession stand items. Access the Unit II Assignment Worksheet in Blackboard. Assignment Instructions: Complete the Unit II Assignment Worksheet. This worksheet contains a series of questions concerning your reviews of the movie ticket and concession items; be sure to answer them all and put your answers in the worksheet. Once you have completed your worksheet, use the information you gathered there to write an essay describing your calculations, what you suggest is the equilibrium price and quantity of movie tickets and concession items for Ruby Red Movie Theater, and factors that could cause the supply and demand curves to shift. Specifically, address the information from your worksheet when writing your essay, as well as the following: The movie theater manager has seen a dramatic decrease in the quantity of movie tickets and concession items purchased over the last year. Indicate the following: two factors that might have caused the demand curve to shift to the left (decrease) for movie tickets, and  two factors that might have changed and caused the demand for concession items to shift to the left (decrease). Your essay must be at least two written pages, not counting the references page. Be sure to include an introduction and a title page. You are required to use at least two peer-reviewed scholarly sources. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. All references and citations used must be in APA Style. Unit II Assignment Worksheet This worksheet is intended to help you develop the information you will use to complete your Unit II Assignment. Completing only this worksheet does not constitute completion of the Unit II Assignment. You need to complete all parts of the assignment, which also include writing an essay about the information you obtain in this worksheet. You will copy and paste your essay at the end of this document where indicated, and then upload your assignment via SafeAssign. Instructions: Complete the Unit II Worksheet. Use your Unit II Worksheet responses to help you formulate your ideas for writing your essay; you are expected to expand on these questions when writing your essay. Include your graphs in the areas indicated in this worksheet. Copy and paste your essay in to this worksheet, then upload the entire assignment via SafeAssign. Part 1 Given the quantity of total movie tickets and total concession stand items consumed in a month and the total utility derived at Ruby Red Movie Theater for each, calculate the marginal utility and the marginal utility per dollar for movie tickets and average concession stand items. Step 1: Calculate marginal utility and marginal utility per dollar for movie tickets. Quantity of Tickets Consumed Total Utility Marginal Utility Movie Ticket Price Marginal Utility Per Dollar for Movie Tickets — — — 200 150 $10.00 400 275 $10.00 600 375 $10.00 800 450 $10.00 1,000 500 $10.00 1,200 525 $10.00 1,400 525 $10.00 Step 2: Calculate marginal utility and marginal utility per dollar for concession stand items. Quantity of Concession Stand Items Consumed Total Utility Marginal Utility Average Item Price Marginal Utility Per Dollar for Concession Items — — — 400 200 $15.00 800 375 $15.00 1,200 525 $15.00 1,600 650 $15.00 2,000 750 $15.00 2,400 825 $15.00 2,800 875 $15.00 Part 1 Question 1: What quantity combination of movie tickets and concession stand items would maximize utility? Your Answers: Quantity of Movie Tickets Quantity of Concession Stand Items Part 1 Question 2: What is the price of movie tickets and average price of concession stand items? Your Answers: Movie Ticket Price Concession Stand Items Average Price Part 2 Given the quantity of total movie tickets and total concession stand items consumed in a month and the total utility derived at Ruby Red Movie Theater for the change in movie ticket prices, calculate the marginal utility and the marginal utility per dollar for movie tickets and concession stand items. Step 1: Calculate marginal utility and marginal utility per dollar for movie tickets. Quantity of Tickets Consumed Total Utility Marginal Utility Movie Ticket Price Marginal Utility Per Dollar for Movie Tickets — — — 200 150 $12.00 400 275 $12.00 600 375 $12.00 800 450 $12.00 1,000 500 $12.00 1,200 525 $12.00 1,400 525 $12.00 (Continue on next page) Step 2: Calculate marginal utility and marginal utility per dollar for concession stand items. (Note: The information here has not changed from Part 1, Step 2.) Quantity of Concession Stand Items Consumed Total Utility Marginal Utility Average Item Price Marginal Utility Per Dollar for Concession Items — — — 400 200 $15.00 800 375 $15.00 1,200 525 $15.00 1,600 650 $15.00 2,000 750 $15.00 2,400 825 $15.00 2,800 875 $15.00 Part 2 Question 1: What quantity combination of movie tickets and concession stand items would maximize utility now that the price of movie tickets has changed? Your Answers: Quantity of Movie Tickets Quantity of Concession Stand Items Part 2 Question 2: What is the price of movie tickets? Your Answer: Movie Ticket Price Part 3 Given the total quantity of movie tickets and total concession stand items consumed in a month and the total utility derived at Ruby Red Movie Theater for the change in concession stand prices, calculate the marginal utility and the marginal utility per dollar for movie tickets and concession stand items. Step 1: Calculate marginal utility and marginal utility per dollar for movie tickets. (Note: The information here is the same as in Part 1, Step 1.) Quantity of Tickets Consumed Total Utility Marginal Utility Movie Ticket Price Marginal Utility Per Dollar for Movie Tickets — — — 200 150 $10.00 400 275 $10.00 600 375 $10.00 800 450 $10.00 1,000 500 $10.00 1,200 525 $10.00 1,400 525 $10.00 (Continue on next page) Step 2: Calculate marginal utility and marginal utility per dollar for concession stand items. Quantity of Concession Stand Items Consumed Total Utility Marginal Utility Average Item Price Marginal Utility Per Dollar for Concession Items — — — 400 200 $20.00 800 375 $20.00 1,200 525 $20.00 1,600 650 $20.00 2,000 750 $20.00 2,400 825 $20.00 2,800 875 $20.00 Part 3 Question 1: What quantity combination of movie tickets and concession stand items would maximize utility now that the average price of concession items has changed? Your Answers: Quantity of Movie Tickets Quantity of Concession Stand Items Part 3 Question 2: What is the average price concession stand items? Your Answer: Concession Stand Items Average Price Part 4 Answer the following from the calculations you made above: Step 1: In regard to movie tickets, report the price and quantity you calculated in Questions 1 and 2 from Parts 1 and 2. Movie Tickets Price Quantity Part 1: Question 1 and Question 2 Part 2: Question 1 and Question 2 Task: Graph the demand curve for movie tickets from the information above. Provide a copy of your graph in the box below. You can use a computer program such as Microsoft Excel or even draw the demand curve for movie tickets by hand, then take a clear, easy-to-read photo of it and insert it. Be sure to resize your graph or photo so that it completely fits in the box. Step 2: In regard to concession stand items, report the price and quantity you calculated in Questions 1 and 2 from Parts 1 and 2. Concession Stand Items Average Price Quantity Part 1: Question 1 and Question 2 Part 2: Question 1 and Question 2 Task: Graph the demand curve for concession stand items from the information above. Provide a copy of your graph in the area below. You can use a computer program such as Microsoft Excel or even draw the demand curve for concession stand items by hand, then take a clear, easy-to-read photo of it and insert it. Be sure to resize your graph or photo so that it completely fits in the box. Part 5 Given the price and quantity information below, graph the supply curve for movie tickets and concession stand items on separate graphs. Step 1: Graph the supply of movie tickets given the prices and quantities supplied below. Movie Ticket Prices and Quantity Supplied Movie Ticket Price Quantity Supplied of Movie Tickets $2 1,800 $3 1,800 $4 1,800 $5 1,800 $6 1,800 $7 1,800 $8 1,800 $9 1,800 $10 1,800 $11 1,800 $12 1,800 $13 1,800 $14 1,800 $15 1,800 Insert graph here: To create your graph, you can use a computer program such as Microsoft Excel or even draw the demand curve for movie tickets by hand, then take a clear, easy-to-read photo of it and insert it. Be sure to resize your graph or photo so that it completely fits in the box. Part 5 Question 1: Why is the quantity supplied of movie tickets the same regardless of the price of movie tickets? Enter your response in the box below. Step 2: Graph the supply of concession stand items given the prices and quantities supplied below. Concession Stand Item Prices and Quantity Supplied Average Concession Stand Price Quantity Supplied of Concession Stand Items $1 500 $2 700 $3 900 $4 1,100 $5 1,300 $6 1,500 $7 1,700 $8 1,900 $9 2,100 $10 2,300 $11 2,500 $12 2,700 $13 2,900 Draw or insert graph here: (Make sure your graph fits entirely in the box.) Part 6 Graph the supply and demand for movie tickets and concession stand items. Step 1: Graph the supply and demand for movie tickets on one graph. Draw or insert graph here: (Make sure your graph fits entirely in the box.) Step 2: Estimate the equilibrium price and quantity for movie tickets: Equilibrium Price: ­­­_____________________ Equilibrium Quantity: ________________________ Step 3: Graph the supply and demand for concession stand items on one graph. Draw or insert graph here: (Make sure your graph fits entirely in the box.) Step 4: Estimate the equilibrium price and quantity for concession stand items: Equilibrium Price: ­­­___________________________ Equilibrium Quantity: ________________________ Continue on next page. You will start your essay there, beginning with a title page that provides the title of the paper, your name, university name, course name, instructor name, and the date. Insert entire essay here—title page, essay, and references. Be sure to delete this comment.)
How much does it cost to comple
Instructions You are continuing to serve as a private economic consultant for Ruby Red Movie Theater in town. The theater would like to have your input concerning what prices they should charge for movie tickets and the average prices for concession stand items. Access the Unit II Assignment Worksheet in Blackboard. Assignment Instructions: Complete the Unit II Assignment Worksheet. This worksheet contains a series of questions concerning your reviews of the movie ticket and concession items; be sure to answer them all and put your answers in the worksheet. Once you have completed your worksheet, use the information you gathered there to write an essay describing your calculations, what you suggest is the equilibrium price and quantity of movie tickets and concession items for Ruby Red Movie Theater, and factors that could cause the supply and demand curves to shift. Specifically, address the information from your worksheet when writing your essay, as well as the following: The movie theater manager has seen a dramatic decrease in the quantity of movie tickets and concession items purchased over the last year. Indicate the following: two factors that might have caused the demand curve to shift to the left (decrease) for movie tickets, and  two factors that might have changed and caused the demand for concession items to shift to the left (decrease). Your essay must be at least two written pages, not counting the references page. Be sure to include an introduction and a title page. You are required to use at least two peer-reviewed scholarly sources. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. All references and citations used must be in APA Style. Unit II Assignment Worksheet This worksheet is intended to help you develop the information you will use to complete your Unit II Assignment. Completing only this worksheet does not constitute completion of the Unit II Assignment. You need to complete all parts of the assignment, which also include writing an essay about the information you obtain in this worksheet. You will copy and paste your essay at the end of this document where indicated, and then upload your assignment via SafeAssign. Instructions: Complete the Unit II Worksheet. Use your Unit II Worksheet responses to help you formulate your ideas for writing your essay; you are expected to expand on these questions when writing your essay. Include your graphs in the areas indicated in this worksheet. Copy and paste your essay in to this worksheet, then upload the entire assignment via SafeAssign. Part 1 Given the quantity of total movie tickets and total concession stand items consumed in a month and the total utility derived at Ruby Red Movie Theater for each, calculate the marginal utility and the marginal utility per dollar for movie tickets and average concession stand items. Step 1: Calculate marginal utility and marginal utility per dollar for movie tickets. Quantity of Tickets Consumed Total Utility Marginal Utility Movie Ticket Price Marginal Utility Per Dollar for Movie Tickets — — — 200 150 $10.00 400 275 $10.00 600 375 $10.00 800 450 $10.00 1,000 500 $10.00 1,200 525 $10.00 1,400 525 $10.00 Step 2: Calculate marginal utility and marginal utility per dollar for concession stand items. Quantity of Concession Stand Items Consumed Total Utility Marginal Utility Average Item Price Marginal Utility Per Dollar for Concession Items — — — 400 200 $15.00 800 375 $15.00 1,200 525 $15.00 1,600 650 $15.00 2,000 750 $15.00 2,400 825 $15.00 2,800 875 $15.00 Part 1 Question 1: What quantity combination of movie tickets and concession stand items would maximize utility? Your Answers: Quantity of Movie Tickets Quantity of Concession Stand Items Part 1 Question 2: What is the price of movie tickets and average price of concession stand items? Your Answers: Movie Ticket Price Concession Stand Items Average Price Part 2 Given the quantity of total movie tickets and total concession stand items consumed in a month and the total utility derived at Ruby Red Movie Theater for the change in movie ticket prices, calculate the marginal utility and the marginal utility per dollar for movie tickets and concession stand items. Step 1: Calculate marginal utility and marginal utility per dollar for movie tickets. Quantity of Tickets Consumed Total Utility Marginal Utility Movie Ticket Price Marginal Utility Per Dollar for Movie Tickets — — — 200 150 $12.00 400 275 $12.00 600 375 $12.00 800 450 $12.00 1,000 500 $12.00 1,200 525 $12.00 1,400 525 $12.00 (Continue on next page) Step 2: Calculate marginal utility and marginal utility per dollar for concession stand items. (Note: The information here has not changed from Part 1, Step 2.) Quantity of Concession Stand Items Consumed Total Utility Marginal Utility Average Item Price Marginal Utility Per Dollar for Concession Items — — — 400 200 $15.00 800 375 $15.00 1,200 525 $15.00 1,600 650 $15.00 2,000 750 $15.00 2,400 825 $15.00 2,800 875 $15.00 Part 2 Question 1: What quantity combination of movie tickets and concession stand items would maximize utility now that the price of movie tickets has changed? Your Answers: Quantity of Movie Tickets Quantity of Concession Stand Items Part 2 Question 2: What is the price of movie tickets? Your Answer: Movie Ticket Price Part 3 Given the total quantity of movie tickets and total concession stand items consumed in a month and the total utility derived at Ruby Red Movie Theater for the change in concession stand prices, calculate the marginal utility and the marginal utility per dollar for movie tickets and concession stand items. Step 1: Calculate marginal utility and marginal utility per dollar for movie tickets. (Note: The information here is the same as in Part 1, Step 1.) Quantity of Tickets Consumed Total Utility Marginal Utility Movie Ticket Price Marginal Utility Per Dollar for Movie Tickets — — — 200 150 $10.00 400 275 $10.00 600 375 $10.00 800 450 $10.00 1,000 500 $10.00 1,200 525 $10.00 1,400 525 $10.00 (Continue on next page) Step 2: Calculate marginal utility and marginal utility per dollar for concession stand items. Quantity of Concession Stand Items Consumed Total Utility Marginal Utility Average Item Price Marginal Utility Per Dollar for Concession Items — — — 400 200 $20.00 800 375 $20.00 1,200 525 $20.00 1,600 650 $20.00 2,000 750 $20.00 2,400 825 $20.00 2,800 875 $20.00 Part 3 Question 1: What quantity combination of movie tickets and concession stand items would maximize utility now that the average price of concession items has changed? Your Answers: Quantity of Movie Tickets Quantity of Concession Stand Items Part 3 Question 2: What is the average price concession stand items? Your Answer: Concession Stand Items Average Price Part 4 Answer the following from the calculations you made above: Step 1: In regard to movie tickets, report the price and quantity you calculated in Questions 1 and 2 from Parts 1 and 2. Movie Tickets Price Quantity Part 1: Question 1 and Question 2 Part 2: Question 1 and Question 2 Task: Graph the demand curve for movie tickets from the information above. Provide a copy of your graph in the box below. You can use a computer program such as Microsoft Excel or even draw the demand curve for movie tickets by hand, then take a clear, easy-to-read photo of it and insert it. Be sure to resize your graph or photo so that it completely fits in the box. Step 2: In regard to concession stand items, report the price and quantity you calculated in Questions 1 and 2 from Parts 1 and 2. Concession Stand Items Average Price Quantity Part 1: Question 1 and Question 2 Part 2: Question 1 and Question 2 Task: Graph the demand curve for concession stand items from the information above. Provide a copy of your graph in the area below. You can use a computer program such as Microsoft Excel or even draw the demand curve for concession stand items by hand, then take a clear, easy-to-read photo of it and insert it. Be sure to resize your graph or photo so that it completely fits in the box. Part 5 Given the price and quantity information below, graph the supply curve for movie tickets and concession stand items on separate graphs. Step 1: Graph the supply of movie tickets given the prices and quantities supplied below. Movie Ticket Prices and Quantity Supplied Movie Ticket Price Quantity Supplied of Movie Tickets $2 1,800 $3 1,800 $4 1,800 $5 1,800 $6 1,800 $7 1,800 $8 1,800 $9 1,800 $10 1,800 $11 1,800 $12 1,800 $13 1,800 $14 1,800 $15 1,800 Insert graph here: To create your graph, you can use a computer program such as Microsoft Excel or even draw the demand curve for movie tickets by hand, then take a clear, easy-to-read photo of it and insert it. Be sure to resize your graph or photo so that it completely fits in the box. Part 5 Question 1: Why is the quantity supplied of movie tickets the same regardless of the price of movie tickets? Enter your response in the box below. Step 2: Graph the supply of concession stand items given the prices and quantities supplied below. Concession Stand Item Prices and Quantity Supplied Average Concession Stand Price Quantity Supplied of Concession Stand Items $1 500 $2 700 $3 900 $4 1,100 $5 1,300 $6 1,500 $7 1,700 $8 1,900 $9 2,100 $10 2,300 $11 2,500 $12 2,700 $13 2,900 Draw or insert graph here: (Make sure your graph fits entirely in the box.) Part 6 Graph the supply and demand for movie tickets and concession stand items. Step 1: Graph the supply and demand for movie tickets on one graph. Draw or insert graph here: (Make sure your graph fits entirely in the box.) Step 2: Estimate the equilibrium price and quantity for movie tickets: Equilibrium Price: ­­­_____________________ Equilibrium Quantity: ________________________ Step 3: Graph the supply and demand for concession stand items on one graph. Draw or insert graph here: (Make sure your graph fits entirely in the box.) Step 4: Estimate the equilibrium price and quantity for concession stand items: Equilibrium Price: ­­­___________________________ Equilibrium Quantity: ________________________ Continue on next page. You will start your essay there, beginning with a title page that provides the title of the paper, your name, university name, course name, instructor name, and the date. Insert entire essay here—title page, essay, and references. Be sure to delete this comment.)
How much does it cost to comple
Instructions You are continuing to serve as a private economic consultant for Ruby Red Movie Theater in town. The theater would like to have your input concerning what prices they should charge for movie tickets and the average prices for concession stand items. Access the Unit II Assignment Worksheet in Blackboard. Assignment Instructions: Complete the Unit II Assignment Worksheet. This worksheet contains a series of questions concerning your reviews of the movie ticket and concession items; be sure to answer them all and put your answers in the worksheet. Once you have completed your worksheet, use the information you gathered there to write an essay describing your calculations, what you suggest is the equilibrium price and quantity of movie tickets and concession items for Ruby Red Movie Theater, and factors that could cause the supply and demand curves to shift. Specifically, address the information from your worksheet when writing your essay, as well as the following: The movie theater manager has seen a dramatic decrease in the quantity of movie tickets and concession items purchased over the last year. Indicate the following: two factors that might have caused the demand curve to shift to the left (decrease) for movie tickets, and  two factors that might have changed and caused the demand for concession items to shift to the left (decrease). Your essay must be at least two written pages, not counting the references page. Be sure to include an introduction and a title page. You are required to use at least two peer-reviewed scholarly sources. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. All references and citations used must be in APA Style. Unit II Assignment Worksheet This worksheet is intended to help you develop the information you will use to complete your Unit II Assignment. Completing only this worksheet does not constitute completion of the Unit II Assignment. You need to complete all parts of the assignment, which also include writing an essay about the information you obtain in this worksheet. You will copy and paste your essay at the end of this document where indicated, and then upload your assignment via SafeAssign. Instructions: Complete the Unit II Worksheet. Use your Unit II Worksheet responses to help you formulate your ideas for writing your essay; you are expected to expand on these questions when writing your essay. Include your graphs in the areas indicated in this worksheet. Copy and paste your essay in to this worksheet, then upload the entire assignment via SafeAssign. Part 1 Given the quantity of total movie tickets and total concession stand items consumed in a month and the total utility derived at Ruby Red Movie Theater for each, calculate the marginal utility and the marginal utility per dollar for movie tickets and average concession stand items. Step 1: Calculate marginal utility and marginal utility per dollar for movie tickets. Quantity of Tickets Consumed Total Utility Marginal Utility Movie Ticket Price Marginal Utility Per Dollar for Movie Tickets — — — 200 150 $10.00 400 275 $10.00 600 375 $10.00 800 450 $10.00 1,000 500 $10.00 1,200 525 $10.00 1,400 525 $10.00 Step 2: Calculate marginal utility and marginal utility per dollar for concession stand items. Quantity of Concession Stand Items Consumed Total Utility Marginal Utility Average Item Price Marginal Utility Per Dollar for Concession Items — — — 400 200 $15.00 800 375 $15.00 1,200 525 $15.00 1,600 650 $15.00 2,000 750 $15.00 2,400 825 $15.00 2,800 875 $15.00 Part 1 Question 1: What quantity combination of movie tickets and concession stand items would maximize utility? Your Answers: Quantity of Movie Tickets Quantity of Concession Stand Items Part 1 Question 2: What is the price of movie tickets and average price of concession stand items? Your Answers: Movie Ticket Price Concession Stand Items Average Price Part 2 Given the quantity of total movie tickets and total concession stand items consumed in a month and the total utility derived at Ruby Red Movie Theater for the change in movie ticket prices, calculate the marginal utility and the marginal utility per dollar for movie tickets and concession stand items. Step 1: Calculate marginal utility and marginal utility per dollar for movie tickets. Quantity of Tickets Consumed Total Utility Marginal Utility Movie Ticket Price Marginal Utility Per Dollar for Movie Tickets — — — 200 150 $12.00 400 275 $12.00 600 375 $12.00 800 450 $12.00 1,000 500 $12.00 1,200 525 $12.00 1,400 525 $12.00 (Continue on next page) Step 2: Calculate marginal utility and marginal utility per dollar for concession stand items. (Note: The information here has not changed from Part 1, Step 2.) Quantity of Concession Stand Items Consumed Total Utility Marginal Utility Average Item Price Marginal Utility Per Dollar for Concession Items — — — 400 200 $15.00 800 375 $15.00 1,200 525 $15.00 1,600 650 $15.00 2,000 750 $15.00 2,400 825 $15.00 2,800 875 $15.00 Part 2 Question 1: What quantity combination of movie tickets and concession stand items would maximize utility now that the price of movie tickets has changed? Your Answers: Quantity of Movie Tickets Quantity of Concession Stand Items Part 2 Question 2: What is the price of movie tickets? Your Answer: Movie Ticket Price Part 3 Given the total quantity of movie tickets and total concession stand items consumed in a month and the total utility derived at Ruby Red Movie Theater for the change in concession stand prices, calculate the marginal utility and the marginal utility per dollar for movie tickets and concession stand items. Step 1: Calculate marginal utility and marginal utility per dollar for movie tickets. (Note: The information here is the same as in Part 1, Step 1.) Quantity of Tickets Consumed Total Utility Marginal Utility Movie Ticket Price Marginal Utility Per Dollar for Movie Tickets — — — 200 150 $10.00 400 275 $10.00 600 375 $10.00 800 450 $10.00 1,000 500 $10.00 1,200 525 $10.00 1,400 525 $10.00 (Continue on next page) Step 2: Calculate marginal utility and marginal utility per dollar for concession stand items. Quantity of Concession Stand Items Consumed Total Utility Marginal Utility Average Item Price Marginal Utility Per Dollar for Concession Items — — — 400 200 $20.00 800 375 $20.00 1,200 525 $20.00 1,600 650 $20.00 2,000 750 $20.00 2,400 825 $20.00 2,800 875 $20.00 Part 3 Question 1: What quantity combination of movie tickets and concession stand items would maximize utility now that the average price of concession items has changed? Your Answers: Quantity of Movie Tickets Quantity of Concession Stand Items Part 3 Question 2: What is the average price concession stand items? Your Answer: Concession Stand Items Average Price Part 4 Answer the following from the calculations you made above: Step 1: In regard to movie tickets, report the price and quantity you calculated in Questions 1 and 2 from Parts 1 and 2. Movie Tickets Price Quantity Part 1: Question 1 and Question 2 Part 2: Question 1 and Question 2 Task: Graph the demand curve for movie tickets from the information above. Provide a copy of your graph in the box below. You can use a computer program such as Microsoft Excel or even draw the demand curve for movie tickets by hand, then take a clear, easy-to-read photo of it and insert it. Be sure to resize your graph or photo so that it completely fits in the box. Step 2: In regard to concession stand items, report the price and quantity you calculated in Questions 1 and 2 from Parts 1 and 2. Concession Stand Items Average Price Quantity Part 1: Question 1 and Question 2 Part 2: Question 1 and Question 2 Task: Graph the demand curve for concession stand items from the information above. Provide a copy of your graph in the area below. You can use a computer program such as Microsoft Excel or even draw the demand curve for concession stand items by hand, then take a clear, easy-to-read photo of it and insert it. Be sure to resize your graph or photo so that it completely fits in the box. Part 5 Given the price and quantity information below, graph the supply curve for movie tickets and concession stand items on separate graphs. Step 1: Graph the supply of movie tickets given the prices and quantities supplied below. Movie Ticket Prices and Quantity Supplied Movie Ticket Price Quantity Supplied of Movie Tickets $2 1,800 $3 1,800 $4 1,800 $5 1,800 $6 1,800 $7 1,800 $8 1,800 $9 1,800 $10 1,800 $11 1,800 $12 1,800 $13 1,800 $14 1,800 $15 1,800 Insert graph here: To create your graph, you can use a computer program such as Microsoft Excel or even draw the demand curve for movie tickets by hand, then take a clear, easy-to-read photo of it and insert it. Be sure to resize your graph or photo so that it completely fits in the box. Part 5 Question 1: Why is the quantity supplied of movie tickets the same regardless of the price of movie tickets? Enter your response in the box below. Step 2: Graph the supply of concession stand items given the prices and quantities supplied below. Concession Stand Item Prices and Quantity Supplied Average Concession Stand Price Quantity Supplied of Concession Stand Items $1 500 $2 700 $3 900 $4 1,100 $5 1,300 $6 1,500 $7 1,700 $8 1,900 $9 2,100 $10 2,300 $11 2,500 $12 2,700 $13 2,900 Draw or insert graph here: (Make sure your graph fits entirely in the box.) Part 6 Graph the supply and demand for movie tickets and concession stand items. Step 1: Graph the supply and demand for movie tickets on one graph. Draw or insert graph here: (Make sure your graph fits entirely in the box.) Step 2: Estimate the equilibrium price and quantity for movie tickets: Equilibrium Price: ­­­_____________________ Equilibrium Quantity: ________________________ Step 3: Graph the supply and demand for concession stand items on one graph. Draw or insert graph here: (Make sure your graph fits entirely in the box.) Step 4: Estimate the equilibrium price and quantity for concession stand items: Equilibrium Price: ­­­___________________________ Equilibrium Quantity: ________________________ Continue on next page. You will start your essay there, beginning with a title page that provides the title of the paper, your name, university name, course name, instructor name, and the date. Insert entire essay here—title page, essay, and references. Be sure to delete this comment.)
How much does it cost to comple
Monday Tuesday Wednesday Thursday Friday Penmanship Test 17 Language Spelling Shark Fin words Test: List 15 Science Quiz Ch. 8 Voc. History Quiz 11 pp. 79-90, Map p. 82 Bible New verse: Philippians: 4:6 Quiz: Philippians 4:6 Math Lesson 53 Lesson 54 Quiz 9A (lessons 1-45) Lesson 55 Lesson 56 Reading RNB=Reader’s Notebook Study quick review, notes, and vocabulary Gramp Quiz; Study RNB Week of January 6-10, 2019 All tests and quizzes are underlined. *ANY UNFINISHED CLASSWORK IS HOMEWORK* Class News Happy New Year! We hope you all enjoyed your time with friends and family. We want to thank you again for all of the wonderful Christmas gifts we received before the break. January 17th: dismissal at 12:30 Open House for prospective families will be January 19th. January 20th: No School
How much does it cost to comple
Monday Tuesday Wednesday Thursday Friday Penmanship Test 17 Language Spelling Shark Fin words Test: List 15 Science Quiz Ch. 8 Voc. History Quiz 11 pp. 79-90, Map p. 82 Bible New verse: Philippians: 4:6 Quiz: Philippians 4:6 Math Lesson 53 Lesson 54 Quiz 9A (lessons 1-45) Lesson 55 Lesson 56 Reading RNB=Reader’s Notebook Study quick review, notes, and vocabulary Gramp Quiz; Study RNB Week of January 6-10, 2019 All tests and quizzes are underlined. *ANY UNFINISHED CLASSWORK IS HOMEWORK* Class News Happy New Year! We hope you all enjoyed your time with friends and family. We want to thank you again for all of the wonderful Christmas gifts we received before the break. January 17th: dismissal at 12:30 Open House for prospective families will be January 19th. January 20th: No School
How much does it cost to comple
Monday Tuesday Wednesday Thursday Friday Penmanship Test 17 Language Spelling Shark Fin words Test: List 15 Science Quiz Ch. 8 Voc. History Quiz 11 pp. 79-90, Map p. 82 Bible New verse: Philippians: 4:6 Quiz: Philippians 4:6 Math Lesson 53 Lesson 54 Quiz 9A (lessons 1-45) Lesson 55 Lesson 56 Reading RNB=Reader’s Notebook Study quick review, notes, and vocabulary Gramp Quiz; Study RNB Week of January 6-10, 2019 All tests and quizzes are underlined. *ANY UNFINISHED CLASSWORK IS HOMEWORK* Class News Happy New Year! We hope you all enjoyed your time with friends and family. We want to thank you again for all of the wonderful Christmas gifts we received before the break. January 17th: dismissal at 12:30 Open House for prospective families will be January 19th. January 20th: No School
How much does it cost to comple
The Ruby Red Movie Theater in town is in jeopardy of having to close its doors because it is unable to generate enough total revenue. In an effort to generate more revenue, the movie theater manager d Unit III Assignment Worksheet Background Information The Ruby Red Movie Theater in town is in jeopardy of having to close its doors because it is unable to generate enough total revenue. In an effort to generate more total revenue, the movie theater manager decided to change the prices this month for drinks, popcorn, candy, hot dogs, and movie tickets.  The manager would like for you to analyze the data that has been collected to help decide if the decisions to change the prices were correct and, if not, what should be done to prices to generate more total revenue. Be sure to answer all of the questions in this worksheet. Question 1  Information regarding the community’s average income and movie ticket sales at the Ruby Red Movie Theater for both last year and this year are presented below. Use this information when answering questions A–C, below. Last Year This Year Community’s Average Income $55,800 $57,474 Movie Ticket Sales 4,980 5,021 Calculate the Income Elasticity of Demand for movie tickets. (Show your work. You can type it in the box below, or write it out by hand, take a picture, and insert the picture in the box. Make sure it fits in the box. NOTE: These options apply to all “Show your work” responses.) Are movie tickets considered to be inferior goods, normal goods, or unit (unitary) goods in this town? Explain why. A new firm is relocating to the city and adding a large number of above average salaries. Will the number of movie ticket sales for the theater increase, decrease, or remain constant? Base your answer on information you answered in part B above. Continue on next page Question 2  The manager at Ruby Red Movie Theater decided to change the prices of concession stand items as well as tickets this month in an effort to increase revenues. Below, you are provided with prices for last month and this month as well as the quantities demanded for both months. Use this information when answering questions A–H below. Price Quantity Demanded Item Last Month This Month Last Month This Month Large Drink $6.00 $5.50 150 161 Large Popcorn $7.50 $8.00 125 101 Small Drink $2.50 $2.00 75 80 Small Popcorn $5.00 $5.25 45 39 Candy $4.00 $3.50 57 68 Hot Dog $5.00 $5.25 35 36 Movie Ticket $8.00 $9.00 428 300 Calculate the total revenues earned by the theater last month and this month (Show your work.) Total revenues last month =  Total revenues this month =  Calculate the price elasticity of demand for large drinks. (Show your work.) Is the price elasticity of demand for large drinks price elastic, inelastic, or unit (unitary)? Briefly explain why in the box below. Answer =  Continue on next page Calculate the price elasticity of demand for large popcorn. (Show your work.) Is the price elasticity of demand for large popcorn price elastic, inelastic, or unit (unitary)? Briefly explain why in the box below. Answer =  Continue on next page Calculate the price elasticity of demand for small drinks. (Show your work.) Is the price elasticity of demand for small drinks price elastic, inelastic, or unit (unitary)? Briefly explain why in the box below. Answer =  Continue on next page Calculate the price elasticity of demand for small popcorn. (Show your work.) Is the price elasticity of demand for small popcorn price elastic, inelastic, or unit (unitary)? Briefly explain why in the box below. Answer =  Continue on next page Calculate the price elasticity of demand for candy. (Show your work.) Is the price elasticity of demand for candy price elastic, inelastic, or unit (unitary)? Briefly explain why in the box below. Answer =  Continue on next page Calculate the price elasticity of demand for hot dogs. (Show your work.) Is the price elasticity of demand for hot dogs price elastic, inelastic, or unit (unitary)? Briefly explain why in the box below. Answer =  Continue on next page Calculate the price elasticity of demand for movie tickets. (Show your work.) Is the price elasticity of demand for movie tickets price elastic, inelastic, or unit (unitary)? Briefly explain why in the box below. Answer =  Continue on next page Question 3 Based on the relationship between price elasticity of demand and total revenues, evaluate whether the individual price changes the manager made were correct or not. Remember, Ruby Red Movie Theater wants to increase total revenue. Was the decision to decrease the price of large drinks appropriate to increase total revenues? Why, or why not? Briefly explain in the box below. Answer =  Was the decision to increase the price of large popcorn appropriate to increase total revenues? Why, or why not? Briefly explain in the box below. Answer =  Was the decision to decrease the price of small drinks appropriate to increase total revenues? Why, or why not? Briefly explain in the box below. Answer =  Was the decision to increase the price of small popcorn appropriate to increase total revenues? Why, or why not? Briefly explain in the box below. Answer =  Was the decision to decrease the price of candy appropriate to increase total revenues? Why, or why not? Briefly explain in the box below. Answer =  Was the decision to increase the price of hot dogs appropriate to increase total revenues? Why, or why not? Briefly explain in the box below. Answer =  Was the decision to increase the price of movie tickets appropriate to increase total revenues? Why, or why not? Briefly explain in the box below. Answer = 

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