Campbell Cinemas is considering a contract to rent a movie for $2,200 per day. The...
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Campbell Cinemas is considering a contract to rent a movie for $2,200 per day. The contract requires a minimum one-week rental period. Estimated attendance is as follows: Nequired a, Determine the average cost per person of the movie rental contract separately for each day. b. Suppose that Campbell chooses to price movie tickets at cost as computed in Requirement a plus $2.50. What price would it charg per ticket on each day of the week? c. Use weekly averaging to determine a reasonable price to charge for movie tickets. Complete this question by entering your answers in the tabs below. Determine the average cost per person of the movie rental contract separately for each day. Note: Round your answers to 2 decimal places. Campbell Cinemas is considering a contract to rent a movie for $2,200 per day. The contract requires a minimum one-week rental period. Estimated attendance is as follows: Recquired a. Determine the average cost per person of the movie rental contract separately for each day. b. Suppose that Campbell chooses to price movie tickets at cost as computed in Requirement a plus $2.50. What price would it charge per ticket on each day of the week? c. Use weekly averaging to determine a reasonable price to charge for movie tickets. Complete this question by entering your answers in the tabs below. b. Suppose that Campbell chooses to price movie tickets at cost as computed in Requirement a plus $2.50. What price would it charge per ticket on each day of the week? c. Use weekdy averaging to determine a reasonable price to charge for movie tickets. Note: Round your intermediate calculations and final answers to 2 decimal places
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