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Suppose adults have the demand curve p=30-(2/5) quantity for tickets to local community theater. Children have a demand curve of p=10-(1/5) quantity. Furthermore, marginal cost = average cost = 41) Determine the price charged and number of tickets sold in each separate market. Draw a graph for each market. 2) Determine the total consumer surplus and the total producer surplus; Label these areas on your Graph. 3) Now, assume the theater wants to charge a single, uniform price in both markets. Draw a graph of the combined demand, and show the uniform price charged and total amount sold as well as the total consumer and producer surplus. 4) Determine consumer surplus, producer surplus with a uniform price. Label these areas on the graph. 5) Which pricing method does the producer prefer?
Trades are seasonal, with higher trades during the spring also summer quarters also lower trades during fall also winter quarters. Which inconsistents of the model are statistically significant.
Illustrate what effect would customer expectations of substantial price increases in music players have upon the demand for portable music players in a completive marketplace
How would you elucidate the impact of each of the following events on a production possibilities curve for factory and farm goods (you don't need to draw a graph, just describe what would change).
Some businesses will examine their pricing structure and modify it in order to maximize revenue, either by raising or lowering price. Why organization chosen lower prices to increase revenue.
Illustrate what would be a simple options strategy utilizing a put and a call to exploit your conviction about the stock price"s future movement.
Considers a consumer who suddenly changes her preferences with regard to air travel,
Briefly describe the details of the fictitious business that you created for this assignment. Assess the current environmental scan factors that are relevant to the decision making process.
For the range of prices that you are planning to charge, own price elasticity of demand is believed to be -1.5. Calculate the optimal (profit maximizing) price that you should charge. Show all calculations.
If this were he case would there be any automatic stabilizers in the government economy. Elucidate what would there be any distinction between the full-employment deficit and actual budget deficit.
Consider the subsequent cost relationships for a single-product Is there a minimum efficient scale of plant implied by these cost relationships
Discuss how deficit spending relates to the economic collapse of the Greece and Spain economies. Relate their economic collapse to U.S. current economic problems.
Classify each of the following scenarios as an example of adverse selection or moral hazard. Be sure to support your answer! Nordstrom†TM s cannot predict who is going to be a good shoe salesperson.
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