Explore BrainMass
Share

# Walt Disney World Theme Park scenario is solved.

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

Walt Disney World Theme Parks offer visitors a wide variety of ticket options. The one thing these ticket options have in common is that they entail a fixed entrance fee and allow customers to take as many rides as they want at no additional charge. For instance, by purchasing a 1 â?" Day ticket for about \$66, a customer gains unlimited access to the park of her choice for one day.

Wouldnâ??t Disney earn higher profits if it charged visitors, say, \$11 each time they went on a ride? Defend your response

https://brainmass.com/economics/econometrics/walt-disney-world-theme-park-scenario-is-solved-415688

#### Solution Preview

Disney would not earn higher profits if it charged visitors per ride rather than a one-price ticket. This is due to the fact that the rides are much cheaper when there is a one-price ticket and visitors know this so they are willing to spend more for such a ...

#### Solution Summary

Walt Disney World Theme Parks offer visitors a wide variety of ticket options. The one thing these ticket options have in common is that they entail a fixed entrance fee and allow customers to take as many rides as they want at no additional charge. For instance, by purchasing a 1 â?" Day ticket for about \$66, a customer gains unlimited access to the park of her choice for one day.

Wouldnâ??t Disney earn higher profits if it charged visitors, say, \$11 each time they went on a ride? Defend your response

\$2.19