Suppose that a golf club is designing a two-part tariff pric

Assignment Help Business Economics
Reference no: EM13293234

Suppose that a golf club is designing a two-part tariff pricing mechanism in order toincrease profits. Suppose there are two types of golfers, mad-golfers and normal-golfers.The mad-golfers have demand P = 200 – 2Q and normal-golfers have demand P = 160 – 2Q,where P is price per round of golf and Q is number of rounds consumed per year. Assume there are equal numbers of each golfer and that the marginal (and average) cost of a round of golf is 20. Denote the annual membership fee as T and the price per round of golf as P. Which of the following pricing structures realises the most profit for the club?


Attachment:- 327340_1_6.docx

Reference no: EM13293234

Questions Cloud

What is the initial level of output per person : What is the initial level of output per person? What is the level of output per person after 10 years?
How long was the arrow in the air before striking the target : An archer lines up an arrow on the horizontal exactly dead center on a target as drawn in the figure below. How long was the arrow in the air before striking the target
Explain the hottest temperature yet recorded in phoenix az : The hottest temperature yet recorded in Phoenix AZ was 122 dgrees F what is the temperaturein degrees C and K
Determine the sending-end voltage and power factor : A 138-kV, three-phase short transmission line has a per-phase impedance of (2+j4) ohms. If the line supplies a 25-MW load at 0.8 power factor lagging, calculate (a) the efficiency and (b) the sending-end voltage and power factor.
Suppose that a golf club is designing a two-part tariff pric : Suppose that a golf club is designing a two-part tariff pricing mechanism in order toincrease profits. Suppose there are two types of golfers, mad-golfers and normal-golfers
Explain what is the mass of the sand in kg : Dry Sand has a density of 1.5g cm^-3. A child's sandbox measuring 4 ft by 5 ft is filled with sand to a depth of 6 in. What is the mass of the sand in kg. in lb
Financial markets assignment : Financial markets assignment
Is there a significant risk of type of accident occurring : A person accidentally grabs conductors connected to each end of adc voltage source, one in each hand. Assume that the resistance of an arm is 400Ohms, the resistance of a leg is 200 Ohms and the resistance of the trunk is 50Ohms.
What is the force of the wind acting on the boat : A 8150 kg sailboat is moving through the waters of the Atlantic. Initially, the boat is traveling at 30 mph, 17 degrees East of North. What is the force of the wind acting on the boat

Reviews

Write a Review

Business Economics Questions & Answers

  Review the discussion board posts of your classmates

Classmates and comment on their descriptions of the circular flow diagram and factors of production. Discuss how circular flow relates to current economic situations.

  Know that the far increase on cable car rides

Know that the far increase on cable car rides was 67%. Price is $5 one way. Prices were raised to help ease a $57 million deficit.

  Each good does alice buy

How much of each good does Alice buy as well as how much does she work.

  What was the value of the tax multiplier

Illustrate what was the value of the government expenditure multiplier. What was the value of the tax multiplier.

  Why does a white male earn more than a white female

Why does a union electrician earn less than a non-union electrician? Why does a white male earn more than a white female with the same level of education?

  Define the equilibrium price and quantity

Define the equilibrium price and quantity.descibe the situation at a price of $10.00.what will occur.

  Illustrate fiscal and monetary policies would you recommend

Illustrate what fiscal and monetary policies would you recommend in order to close a recessionary gap. Would you recommend what expansionary polices.

  Which of the subsequent industries is most such asly

Which of the subsequent industries is most such asly to be monopolistically competitive. A normative economic statement such as "The minimum income should be abolished".

  Explain what has been happenning in this market

explain how lower coffee bean output in brazil, vietnam, columbia and central america are affecting this market. explain what has been happenning in this market.

  A two-stock portfolio will always have a lower standard

If portfolios are formed by randomly selecting stocks, a 10-stock portfolio will always have a lower beta than a one-stock portfolio.

  What is the principal-agent problem

What is the principal-agent problem? When will the principal agent problem be most severe? Why might there be a principal-agent problem between the stockholder owners and the managers of a large corporation?

  Pondering taking the same class

Discuss how you would explain what this class was about to a friend of yours pondering taking the same class.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd