User Account

All Pages

Q 1 clients to live theaters inc can be partitioned into 2

Assignment Help Business Economics
Reference no: EM13354625

Q. 1. Clients to Live Theaters, Inc. can be partitioned into 2 groups: seniors and everyone else. The converse demand curves for every 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 - Qs
Pe = 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. Illustrate Live Theaters with total revenue function? Illustrate its total cost function? Its total profits occupation?

b. What are the profit maximizing levels of price and output if Live Theaters, Inc. engages in 3rd degree price discrimination? Show that MRe = MRs = MC

c. Illustrate the profits associated with this option?

d. If Live Theaters charges one price to all patrons, what would it be? Illustrate how many customers would it serve? Explain what would be its profits?

Reference no: EM13354625

Questions Cloud

Qhere is the question i need help on suppose that in new : q.here is the question i need help on suppose that in new crankshaft pennsylvania the quality distribution of the 4 000
Qat a recent board meeting ceo and president got into a : q.at a recent board meeting ceo and president got into a heated argument about whether to shut down the firms plant in
Q1 how does your analysis of vmp change if employer is a : q1. how does your analysis of vmp change if employer is a monopolist producer of its output but price-taker in the
Attempt the following1 run the lab0301sql script in the : attempt the following1. run the lab0301.sql script in the attached file to create the salhistory table. 2. display the
Q 1 clients to live theaters inc can be partitioned into 2 : q. 1. clients to live theaters inc. can be partitioned into 2 groups seniors and everyone else. the converse demand
Q1 referring to the output and substitution effects explain : q1. referring to the output and substitution effects explain why an increase in the wage rate for autoworkers will
Qprice comparison services on the internet as well as shop : q.price comparison services on the internet as well as shop bots are a popular way for retailers to advertise their
Q a consulting firm estimates the demand by local : q. a consulting firm estimates the demand by local businesses for attendance at a pro sports teams gamespb 140 - 4ab
Hrm trends and draw out several common themesnbspnbspnbsp30 : hrm trends and draw out several common themes.nbspnbspnbsp30 wordsanalyse one trend for how it may influence

Reviews

Write a Review

Business Economics Questions & Answers

  How information affect your calculation of inflation rate

Explain how you were to learn that a bottle of Gatorade rise in size from 2009 to 2010, should that information affect your calculation of the inflation rate.

  What is the price that suppliers receive

Demand: P=30-2Q Supply: P=4Q Equilibrium Price____ Equilibrium Quantity______ Own Price Elasticity of demand Equlilbrium______ Consumer surplus________ Producer surplus__________ Same market after $6 sales Tax

  Money demand does not depend on the expected rate

Can you see any practical problems that might arise in following such a policy? How do your previous answers change in the special case where money demand does not depend on the expected rate of inflation?

  Compute the company total costs

Compute the company's total costs, and graph the revenue curve and the total cost curve. Do the curves have the shape you expect. Over what range of production is the company making pro ts.

  Qas per milton friedman business has only 1social

q.as per milton friedman business has only 1social responsibility to create profits as long as it stays within the

  What is the difference between shutting down and going out

Say you are the manager of a perfectly competitive firm selling a product. Your business is making a loss because total revenue is less than total costs.

  Q the assignment is a report on the united states of

q. the assignment is a report on the united states of americain past 6 years after the recession occurred in mid-2007.

  Normal good or an inferior good

Can we say confidently whether good X is a normal good or an inferior good.

  Cross elasticity theory

Explain how is the cross elasticity theory used to empirically define economic markets.

  Demonstrate the short-run effect of this tax cut

Demonstrate the short-run effect of this tax cut using the IS-LM model also the AD-SRAS-LRAS model. Illustrate what will take place to o/p also the interest rate.

  Who trades with whom when sale is in standardized form

Modeling what is a Market. In modern usage, a commodity is anything of use that is available for purchase and sale in standardized form. Participants: Who trades with whom

  Individual industry reforms in australia

How companies and countries are becoming specialised in certain industries to compete and expand their businesses. Compare Australia with any other two countries

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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