Question: In paragraph, Provide lesson summary and recommendation for Ruby Red Movie Theater from lesson learned in Unit I: On CSU ECO2301 Unit I Discuss the
In paragraph, Provide lesson summary and recommendation for Ruby Red Movie Theater from lesson learned in Unit I: On CSU ECO2301 Unit I Discuss the central economic problem. 1.1 Identify the economic problem of resource scarcity and opportunity costs. 1.2 Discuss the circular flow diagram. 1.3 Interpret the economic concepts of opportunity cost, the law of comparative advantage, production possibilities frontier, and ethics Ruby Red Movie Theater Data: Item Last Month Last Month Large Drink $6.00 x 150 = $900 Large Popcorn $7.50 x 125 = $937.50 Small Drink $2.50 x 75 = $187.50 Small Popcorn $5.00 x 45 = $225.00 Candy $4.00 x 57 = $228.00 Hot Dog $5.00 x 35 = $175.00 Movie Tickets $8.00 x 428 = $3,424 Item This Month This Month Large Drink $5.50 x 161 = $885.5 Large Popcorn $8.00 x 101 = $808 Small Drink $2.00 x 80 = $160 Small Popcorn $5.25 x 39 = $204.75 Candy $3.50 x 68 = $238 Hot Dog $5.25 x 36 = $189 Movie Tickets $9.00 x 300 = $2700
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