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If a theatre company expects $250,000 in ticket revenue from five performances and $288,000 in ticke

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If a theatre company expects $250,000 in ticket revenue from five performances and $288,000 in ticke

If a theatre company expects $250,000 in ticket revenue from five performances and $288,000 in ticket revenue if it adds a sixth performance, the
A) marginal revenue of the sixth performance is $48,000.
B) marginal revenue of the sixth performance is $38,000.
C) cost of staging the sixth performance is probably higher than the cost of staging the previous five.
D) company will be making a loss on the sixth performance because its ticket sales will be less than the average received from the previous five.

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Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

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Tidy Author

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8 years ago

Correct

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Just got PERFECT on my quiz

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