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wrote...
Posts: 160
2 months ago
Movie theaters often charge higher ticket prices for evening showings than for afternoon showings. Why is this the case?

• Movie theaters hope to discourage customers from seeing movies during the afternoon to keep their labor costs down.

• The cost of showing movies is higher during the afternoon than in the evening.

• Movie theaters know that many people are willing to pay more to see a movie in the evening than during the afternoon.

• Movie theaters have more physical space to show movies during the afternoon than they do during the evening, so the excess supply of available theaters dictates that prices be lower.
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Microeconomics
Edition: 7th
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Posts: 176
2 months ago
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Movie theaters know that many people are willing to pay more to see a movie in the evening than during the afternoon.
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2 months ago
I appreciate what you did here, answered it correctly Smiling Face with Open Mouth
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