Cover Charges
Hank's Honkytonk is a local bar and nightspot.On weekends,it requires a $5 cover charge to defray the costs of the live musical acts Hank brings in.This has worked wonderfully,as it generates capacity crowds and a long line of people waiting to enter.However,after the cost of the acts,he still loses money on the weekends.What is his marginal revenue and marginal cost of a patron on weekends and how should he attempt to fix his unprofitability problem?

Question

​Cover Charges
Hank's Honkytonk is a local bar and nightspot.On weekends,it requires a $5 cover charge to defray the costs of the live musical acts Hank brings in.This has worked wonderfully,as it generates capacity crowds and a long line of people waiting to enter.However,after the cost of the acts,he still loses money on the weekends.What is his marginal revenue and marginal cost of a patron on weekends and how should he attempt to fix his unprofitability problem?

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The Answer of ​Cover Charges
Hank's Honkytonk is a local bar and nightspot.On weekends,it requires a $5 cover charge to defray the costs of the live musical acts Hank brings in.This has worked wonderfully,as it generates capacity crowds and a long line of people waiting to enter.However,after the cost of the acts,he still loses money on the weekends.What is his marginal revenue and marginal cost of a patron on weekends and how should he attempt to fix his unprofitability problem?

​Cover Charges Hank's Honkytonk Is a Local Bar and Nightspot.On Weekends,it Requires

Cover Charges Hank's Honkytonk Is a Local Bar and Nightspot.On Weekends,it Requires