Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Customers to Live Theaters, Inc. can be divided into two groups: seniors and everyone else. The inverse demand curves for each of the two groups are given below. The marginal cost (which equals the average variable cost) of serving an additional patron, either senior or everyone else, is equal to $4. Fixed costs are equal to $1000.
Ps = 80 - QsPe = 100 - 2Qe
Where Ps and Pe denote, respectively, the prices charged to seniors and everyone else and Qs and Qe denote the number of seniors and the number of all other customers served.
a. What is Live Theaters' total revenue function? What is its total cost function? Its total profits function?b. What are the profit maximizing levels of price and output if Live Theaters, Inc. engages in third degree price discrimination? Show that MRe = MRs = MCc. What are profits associated with this option?d. If Live Theaters charges one price to all patrons, what would it be? How many customers would it serve? What would be its profits?
Now suppose the same game is played with the exception that Player A moves first and Player B moves second. Using the backward induction method discussed in the online class notes, what will be the outcome of the game
Explain how have these people changed monetary strategy, fiscal policy also laws that govern businesses since the collapse of the economy.
Ginger's utility function is \(U(x,y) = x^{2}y\) .Prices are Px=8 and Py=2 and Income is I=240. a)Determine Ginger's optimal basket given these prices and her income. b)If Py increases to 8 and Ginger's income is unchanged, what must the Px fall to..
By how much will each firm reduce its SO2 output? Which firm will buy permits, which firm will sell them, and how many permits will be exchanged?
Illustrate what are institutional arrangements. Why are they considered important fundamental determinants of economic growth and development.
Assume that 3-firms which produce a homogeneous output will compete by choosing prices and the market price P is the minimum of the 3-prices that are chosen.
Suppose that the government increases taxes and government purchases by equal amounts. What happens to the interest rate and investment in response to this balanced-budget change Does your answer depend on the marginal propensity to consume
Miller, R.L. (2012). Economics Today, 16ed. Addison-Wesley. p. 295. In today's economy what fiscal policies would you implement? Right now our economy is in a recession, as a Keynesain Economist, how would youl manipulate fiscal policy to improve ..
If every time real GDP exceeds potential GDP, contractionary policy is used & whenever real GDP is less than potential GDP, GDP equal potential GDP and then aggregate demand raised.
Glenda begins drinking more grape juice, which is less expensive, but tastes just as good to her. In this case, Glenda’s elastic demand is.
Explain when we look at the macro economy the similar terms are known as Aggregate Demand
Proponents of trade liberalization which freer trade might actually improve the quality of the environment.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd