Thursday, April 30, 2009

Animals are needy.

The Minnesota zoo announced an new raise in admissions prices by $2, due to a cut in its state funding. This would put them among the highest costing zoos in their category. This summer, prices for admission will rise to $16 for adults and $10 for children between Memorial Day and Labor Day, and will drop back to $13 and $7 in the off season. Family memberships will be increasing to $95. What a discount. The prices for many zoos in the nearby area are much lower. also, there are other options such as the science museum, complete with Imax experience. The problem with raising admissions is the current economic situation. Although input costs for the zoo will be increasing, there is a there is a threshold for prices. Currently, the issue will be whether or not demand will decrease due to high opportunity costs for the possible visitors. If this indeed happens, Minnesota very well could see its zoo closing, due to a downward spiral of customers, and an increasing price of admission.

-Adam

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