Price discriminates then the profit maximizing prices

Assignment Help Business Economics
Reference no: EM131091528

The Snow City Ski Resort caters to both out-of-town skiers and local skiers. The demand for ski tickets of out-of-town skiers is given by Qo = 600 - 10 Po, while the demand for ski tickets of local skiers is given by Ql = 400 - 20 Pl . The marginal cost of servicing a skier of either type is $10. If Snow City Ski Resort (third-degree) price discriminates then the profit maximizing prices (for a ski ticket) are

Reference no: EM131091528

Questions Cloud

Production possibilities schedule united states : Assume that the United States is operating with the above schedule and is currently producing 200 Consumer Goods and 250 Producer Goods. What is the opportunity cost of producing 25 more Producer Goods?
Most four positive internal rate of return values : Given the following end-of-year cash flows, which one of the following statements is correct? By Norstrom’s criterion, there will be at most four positive internal rate of return (IRR) values. By Norstrom’s criterion, there will be at most one positi..
Obtain the finite difference formulation for the nodes : obtain the finite difference formulation for the nodes
Value proposition describes walmart : Name and define the five winning value propositions described in the chapter. Which value proposition describes Walmart? Neiman Marcus? Explain your answers. (AACSB: Communication; Reflective Thinking)
Price discriminates then the profit maximizing prices : The Snow City Ski Resort caters to both out-of-town skiers and local skiers. The demand for ski tickets of out-of-town skiers is given by Qo = 600 - 10 Po, while the demand for ski tickets of local skiers is given by Ql = 400 - 20 Pl . The marginal c..
Explain two phases of the business cycle : Explain two phases of the business cycle. Discuss the business cycle indicators. Explain why do changes in total spending cause the level of GDP to change? How does GDP gap relate to the actual GDP in a particular period?
How many bits required to represent the greek alphabet : Describe Two Methods to determine if two distinct circuits are equivalent? The Greek alphabet has 25 symbols. How many bits would be required to represent the Greek alphabet
Is this vertical maximum higher : What will be his highest elevation? If his jump angle is increased to 30deg, will he stay in the air longer? Is his horizontal jump longer? Is this vertical maximum higher?
Decides to adopt either technology : Consider the following sequential game between firm 1 and firm 2. First, firm 1 decides to adopt either technology A or technology B. Firm 2 observes firm 1's decision and then also decides between technology A or technology B. If both adopt technolo..

Reviews

Write a Review

Business Economics Questions & Answers

  Explain how black markets impact economic actives

Explain how “Black Markets” impact economic actives: Please explain in detail and use a supply and demand graph for your examples

  Pertinent movements within the juvenile justice history

In regards to the juvenile justice movement, reference the progressive movement, the advent of juvenile court, the juvenile rights movement and any other pertinent movements within the juvenile justice history.

  Explain how might you decide whether mundell-tobin effect

This deviation from the classical dichotomy and the Fisher effect is called the Mundell-Tobin effect. Explain how might you decide whether the Mundell-Tobin effect is important in practice.

  What is social responsibility

What is social responsibility? How important it is toa customer and an employee?

  Increase in the price of concessions at the movie theater

Explain what would happen to the price and sales in the movie theater ticket prices if the following occur: (1) a decrease in the price of DVD rentals, (2) Increase in the price of concessions at the movie theater and (3) Increase in theater worker's..

  The income elasticity of demand

RAND study found that the income elasticity of demand for dental care is 0.15. Over the last one decade, income of the population has increased by 21%. Therefore, the income effect alone should a)Increase the demand for dental care by about 3% b)Incr..

  Nation that devotes more of resources to capital investment

A nation that devotes more of its resources to capital investment is likely to:

  Certain industry is competitive and there are many firms

Suppose that a certain industry is competitive and there are many firms all with the same cost function given by: LRTC=q3 - 2 q2 + 2q (MC = 3 q2 – 4 q + 2 ) The industry inverse demand curve is given by: p = 11 - .2 Q Find LR equilibrium q, Q, n, p, ..

  Current account deficit must be reduced

Suppose that the US current account deficit must be reduced. Explain in terms of CA ≈ (S – I) + (T – G) what must be done to reduce the current account deficit. Why will this be difficult? (Hint: It may be helpful to think about the household that ha..

  Validity of efficient market hypothesis in literature

According (the semi-strong form of) the efficient market hypothesis, the price of an asset should reflect all publicly available information about the 'fundamental value' of that asset. What academic theories (i.e. published or in working papers) hav..

  Appropriate monetary policy which the bank of canada

State the appropriate monetary policy which the Bank of Canada should be operating, given the above situation.

  What will be the result to consumer and producer surplus

If the domestic price of oranges is $3.00 per pound and the world price is $2.50 per pound and if the nation allows unrestricted trade, what will be the result to consumer and producer surplus?

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