Question: Write a paragraph on how to maximize profit recommendation for the Ruby Red Movie theater and showing level of output that MC is equal to
Write a paragraph on how to maximize profit recommendation for the Ruby Red Movie theater and showing level of output that MC is equal to MR by creating table Item Price per Item (Last/This) Quantity Sold (Last/This) Total Revenue (Last/This) Total Cost (Last/This) Variable Cost (Last/This) Average Cost (Last/This) Marginal Cost (Last/This) Large Drink $6.00 / $5.50 150 / 161 $900 / $885.50 $6,046 / $5,045.25 $5,046 / $4,045.25 $40.31 / $31.34 $4.97 / $5.15 Large Popcorn $7.50 / $8.00 125 / 101 $937.50 / $808 $6,046 / $4,046 $5,046 / $3,046.25 $48.37 / $40.05 $5.00 / $8.00 Small Drink $2.50 / $2.00 75 / 80 $187.50 / $160 $1,000 (F) + 187.5 = 1,187.5 / $1,080 $187.50 / $80 $15.33 / $13.50 $2.00 Small Popcorn $5.00 / $5.25 45 / 39 $225.00 / $204.75 $1,000 (F) + 225 = 1,225 / $1,050 $225.00 / $50 $27.22 / $26.92 $5.00 Candy $4.00 / $3.50 57 / 68 $228.00 / $238 $1,000 (F) + 228 = 1,228 / $1,050 $228.00 / $38 $21.55 / $17.60 $3.50 Hot Dog $5.00 / $5.25 35 / 36 $175.00 / $189 $1,000 (F) + 175 = 1,175 / $1,057 $175.00 / $25 $33.50 / $29.64 $5.25 Movie Tickets $8.00 / $9.00 428 / 300 $3,424 / $2,700 $1,000 (F) + 3,424 = 4,424 / $1,400 $3,424 / $1,400 $51.00 / 8.50 $8.00 Total 1,015 / 785 $6,046 / $5,045.25 $6,046 / $5,045 $5,046 / $4,045 Variables Average Cost
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