Question: Show Your Steps How Do You Solve It: Fill out 2 white blanks for the price and they should be able to charge SnowDelights operates

 Show Your Steps How Do You Solve It: Fill out 2

Show Your Steps How Do You Solve It: Fill out 2 white blanks for the price and they should be able to charge SnowDelights operates a Rocky Mountain ski resort. The company is planning its lift ticket pricing for the coming ski season. Investors would like to earn a 16% return on the company's $115 million of assets. The company incurs primarily fixed costs to groom the runs and operate the lifts. SnowDelights projects fixed costs to be $35,600,000 for the ski season. The resort serves 800,000 skiers and snowboarders each season. Variable costs are $8 per guest. Currently, the resort has such a favorable reputation among skiers and snowboarders that it has some control over the lift ticket prices. If other resorts in the area charge $64 per day, what price should SnowDelights charge? The price is $ above competing ski resorts in the area. Given SnowDelights reputation, they should be able to charge $ a day without affecting their volume

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