Theater Upgrades BMC is considering upgrading the sound systems in their theaters so that they can patrons can get the full experience from surround sound movies. They discovered that upgrade costs at locations with 12 screens were $170,000 but were $110,000 at locations with six screens. What are the fixed costs of upgrading at a location?
FC + 12×MC = $170,000 and FC + 6×MC = $110,000 . Doubling the second equation yields 2×FC + 6×MC = $220,000 . Subtracting the first equation from both sides of this yields FC = $50,000.
Economics
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