A movie theater has fixed costs of $5000 per day and variable costs averaging $6 per
Chapter 1, Problem 19(choose chapter or problem)
A movie theater has fixed costs of $5000 per day and variable costs averaging $6 per customer. The theater charges $11 per ticket. (a) How many customers per day does the theater need in order to make a profit? (b) Find the cost and revenue functions and graph them on the same axes. Mark the break-even point. 2
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