In Dubai, the movie market is monopolistically competitive. The the demand function for daily attendance and the long-run average cost
function at Cinemas are, respectively:
P = 9 – 0,04Q and ATC=10 – 0,06Q + 0,0001Q2
a) Calculate the price that Cinemas will charge for admission to
movies in the long run. What will be the number of patrons per day
at that price?
b) What is the value of the LATC that the firm will incur? How much
profit will the firm earn?

Which of the following is not a characteristic of enterprise applications that cause challenges in implementation? a. they introduce "switching costs," making the firm dependent on the vendor. b. they cause integration difficulties as every vendor uses different data and processes. c. they are complex and time consuming to implement. d. they support "best practices" for each business process and function. e. they require sweeping changes to business processes to work with the software.

Which of the following is a characteristic that can be used to guide the design of service systems? a. services cannot be inventoried. b. services are all similar. c. quality work means quality service. d. services businesses are inherently entrepreneurial. e. even service businesses have internal services.

Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?