Q: of each download is $0.50. How much should the provider charge for an annual membership in order to…
A: A consumer surplus happens when the cost consumers pay for an item or administration is not exactly…
Q: 14. Akali is the only nurse in Ionia. Ionia has 21 ninja households distributed one-tenth of a mile…
A: Answer-
Q: annel N T ney Channel Subscriber per Month $6.15 $1.52 $1.25 Price Elasticity of Demand -1.8 -2.1…
A: In economics, elasticity calculated the % change of one economic variable in response to a % change…
Q: Which of the following is likely present during a marketing exchange, and, may actually be…
A: A marketing exchange happens when two or more individuals trade products or services at any given…
Q: If firms can enter and exit the packaged milk market in the long run but not in the short run, show…
A: Demand refers the total amount of goods and services that are willing and able to buy at the…
Q: Dogo, a town on the Japanese island of Shikoku, is a renowned hot springs resort that hosts two…
A: Externalities refer to the cost or benefit of an economic transaction, imposed on a third party that…
Q: Nothing Bundts Cake' sells two different Bundt flavors in a market with two different consumers. One…
A: There are two goods X and YMr.Grumpy: Reservation price of $15 for good X and $85 good…
Q: Annual demand and supply for the Entronics company is given by: QD = 5,000 + 0.5 I +…
A: The equilibrium is the point of stability, where all the economic variables are constant or in…
Q: Explain the topic Theory of mercantilism
A: The nations around the world work with the objective, or motive of enhancing their development…
Q: Suppose a producer can manufacture her smartphones at a constant marginal cost of $300. She…
A: The level with which the quantity demanded of a good changes with a change in its price is referred…
Q: Chief Theresa Spence of the Attawapiskat First Nation, who went on a liquid fast to protest the…
A: In Canada, Chief Theresa Spence was the known or prominent figure when talking about economic…
Q: TNBest is the only electricity company in a suburban area. Suppose that the demand for electricity…
A: Firm makes Maximum profit at MR = MC and P> AC . But if council want to set the minimum price…
Q: A manager of a nightclub realizes that demand for drinks is more elastic among students and is…
A: A)
Q: There are two types of consumers in Melbourne: students and non-students. The student population is…
A: Given, Q=1−p, for p<1 Q=3−p, for p<3
Q: Keep in mind the case study of Uber taxi industry. Analyze the competitive structure of the taxi…
A: The competitive structure of the taxi market is spread in metropolitan city market such as New York…
Q: The Johnson Robot Company’s marketing managers estimate that the demand curve for the company’s…
A: For the aforementioned question, the correct alternative is c, i.e., $1,500.
Q: The economic entity most likely to engage iin price gouging is a) an individual or business who has…
A: Price Gouging : The strategy of price gouging can be explained when the retailers and others take…
Q: In some cities, Uber has a monopoly on ride-sharing services. In one of these cities, the demand…
A: 50 – 2Q = 10 40 = 2Q During weekends: Demand curve: P= 50 – Q Total Revenue: TR = P…
Q: Consider two restaurants located next door to each other: Quick Burger and The Sunshine Café. If…
A: In the given table both the restaurants have different payoffs in these two scenarios. Quick Burger…
Q: There are 50 ships using a rocky harbor. Each has the same demand for lighthouse service X: X =…
A: A public good is non-rival and non-excludable in nature. The aggregate demand curve of a public…
Q: an example of a market where a Bertrand model would not be plausible
A: Bertrand's model is based on price competition. The competing firms set a price and try to maximise…
Q: 13. In which market the Peak-Load pricing Model is usually used? a. rail b. airport c. electricity…
A: Peak load pricing is a concept used by producer to earn more profits. At the times of peak demands,…
Q: R %24 Submit A Identify the pricing strategy described by each sentence. Ski lift tickets are…
A: Pricing strategies refer to the processes and methodologies businesses use to set prices for their…
Q: A newspaper considers offering a new subscription service that wil send news articles to readers by…
A: Given: The demand function for executives: The demand function for students: The basic package…
Q: What can Uber do to ensure its competitors are not chipping away at its dominant market share as a…
A: Competitor: It means a team, person, or company competing against others.
Q: Differentiate between threat of substitute products or services and threat of new entrants in the…
A: Porter’s Five Forces is a model that recognizes and dissects five cutthroat powers that shape each…
Q: When there is an excess demand of a product in an unregulated market,the tendency is for
A: When there is excess demand of a product in an unregulated market,there will be shortage of…
Q: The table below shows Deion's demand schedule for web tutoring before and after winning the lottery.…
A: Demand schedule gives us the data regarding the quantity demanded at various price levels for a…
Q: Catherine de Medici wants to purchase some of your nitre stockpile. Her initial proposal is to buy…
A: For the revenue maximization: Initially it is necessary to know the revenue function, R(x) =p(x)q(x)…
Q: A local store estimates its typical customer's inverse demand is P = 7.8 - 1.9Q. and it knows the…
A: P=7.8-1.9Q MC=$0.74
Q: Elizabeth Airlines (EA) flies only one route: Chicago-Honolulu. The demand by business people for…
A: Given : QA = 260 – 0.4P QB = 240 - 0.6P Fixed cost = 30,000 Variable cost = $100
Q: An increase in the demand of face shield raises the quantity of face shields demanded, but not the…
A: An increase in the demand (a shift of the demand curve to the right) for notebooks raises the…
Q: There are two coffee companies (company A and company B) in the market. A research institute…
A: (a) We complete the given payoff matrix from the information provided in the question. Company…
Q: For this question only, X=5B and Y=D+250. Britney recently launched her new COVID-19 vaccine in T&T…
A: The monopoly pricing makes a deadweight loss on the grounds that the firm does without exchanges…
Q: five firms, each with a 20% market share, supply a market. The Herfindahl-Hirschman Index
A: HHI index can be calculated by using the following formula.
Q: What is the cost-effective solution for abatement of toxins by firms All firms should abate until…
A: Since, the cost effective solution for the abatement of toxins by firms means how the firms adjust…
Q: For theater tickets, the demand curve for students is QS=100−4PQS=100−4P and for the general public…
A: The demand function for students: Qs = 100-4P & for general public, Qgp =200-4P 1) The demand…
Q: A nightclub manager realizes that demand for drinks is more elastic among students, and is trying to…
A: Given demands: Demand for under 25: qr = 18 − 5p Damand for Over 25: q = 10 − 2p MC = $4
Q: List the characteristics of products that haveinelastic demand, and give several examples ofsuch…
A: Inelastic demand takes place when quantity demanded of the commodity changes less than the change in…
Q: End of Appendix Problem A university's students have demand for credit hours given by q = 30 -0.04p,…
A: According to the question Demand function is given as Q = 30 – 0.04p Q – 30 = -0.04p 30 – q = 0.04p…
Q: Which of the following is a method a incumbent's can use to make limit pricing a credible threat? A.…
A: Limit pricing is a strategy which is being used by the existing firms in order to make it difficult…
Q: What is the critique and any idea to improve the Arbitrage Pricing Theory model
A: Arbitrage pricing theory model is the one in which the return out of the asset is estimated using…
Q: An airline company determines the price of a seat on a particular route between city A and city B to…
A: According to the question, An airline company determines the price of a seat on a particular route…
Q: GameZone, a video games store, is considering the best way to price two new games – a first-person…
A: Willingness to pay is the maximum amount that a consumer is willing to pay for a good or a service.…
Q: Globalızation's fast pace around the world has helped people to adopt new trends and fashion at a…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Monopoly ceases if the demand for the good is Little flexibility. 0 O not flexible. Flexibility…
A: A monopoly market is one in which there is only one seller and no competition from other sellers.…
Q: Are there opportunities to combine volumes of spending from different busi- nesses, and standardize…
A: There are various market practices to understand the various opportunities available, which are used…
Q: There are two coffee companies (company A and company B) in the market. A research institute…
A: (a) We complete the given payoff matrix from the information provided in the question.…
Q: True of False: A monopolist selling cars in New York finds it unprofitable to raise price by 10%…
A: As the various goods and services sold by sellers got more complicated, there was segregation done,…
Based on the herfinfahl index of the market for sunglasses, the FTC would _______ a merger between UV shield and sun fashion.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- List the characteristics of products that haveinelastic demand, and give several examples ofsuch products.Can you help with parts c,d, and e please? The estimated daily demand for river corssings on a proposed new bridge is: Qd = 100,000 - 20,000P where Qd is the quantity demanded measured in number of daily crossings and P is the price(toll) per crossing in dollars. Engineers estimate that constructing the new bridge will result in a fixed cost of $1.2 billion or $120,000 per day over the life of the bridge. Once constructed, there are no marginal costs and variable costs associated with the bridge's use. Based upon the above information, answer the following questions: a. If a private company were to build the bridge, what would be the profit-maximizing number of daily crossings? b. What price per crossing(toll) would the profit-maximizing company establish? c. What would be the socially optimal number of daily crossings? d. What deadweight loss would exist given your answers to part (a) and (b)? e. Would a profit-maximizing company build the bridge?Use the table to calculate the Herfindal-Hirschman Index for the U.S. auto market. Would the FTC approve a merger between GM and Ford?
- Target produces a good with significant network externalities. The willingness to pay equation is p = 1 – q + 2.5q2 . Show on the graph the firm’s demand curve at each price from 0 < P < 3. What three equilibrium values of q may result if Firm A sets a price of $1.5? Indicate them on your graph. [the quadratic equation helps you solve for one of them.] Are the equilibria you identify stable? Does stability matter to Acme?Differentiate between threat of substitute products or services and threat of new entrants in the Five Forces model.Miron Floren, of Lawrence Welk Show fame, now tours the country performing at accordion concerts. A careful analysis of demand for tickets to Mr. Floren’s concerts reveals a strange segmentation in the market. Demand for tickets by senior citizens is described by Qo = 500P^–3/2 , while demand by those under 65 years old is Qy = 50P^–4. If the marginal cost of a ticket is £3, how should tickets to Mr. Floren’s concerts be priced to maximize profits? A. £3 for senior citizens and £8 for those younger B. £6 for senior citizens and £12 for those younger C. £9 for senior citizens and £4 for those younger D. £4.71 for all tickets E. £12 for senior citizens and £4.50 for those younger
- In some industries, securing the adoption of an industry standard that is favourable to one’s own product is an enormous advantage. It can involve marketing efforts that grow more productive the larger the product’s market share. Microsoft’s Windows is an excellent example.2 The more customers adopt Windows, the more applications are introduced by independent software developers, and the more applications that are introduced the greater the chance for further adoptions. With other products the market can quickly exhibit diminishing returns to promotional expenditure, as it becomes saturated. However, with the adoption of new industry standards, or a new technology, increasing returns can persist.3 Microsoft is therefore willing to spend huge amounts on promotion and marketing to gain this advantage and dominate the industry. Many would claim that this is a restrictive practice, and that this has justified the recent anti-trust suit against the company. The competitive aspects of this…What can Uber do to ensure its competitors are not chipping away at its dominant market share as a result of such bad press?Bluth’s Bananas is considering expanding its retail operations for its one-of-a-kind frozen banana stands on Jones Beach, which is 10 kilometers long. Bluth’s Bananas estimates that the typical day has 2,000 visitors to the beach, spread uniformly, and that each will demand a single frozen banana provided the price plus any disutility of traveling to a stand does not exceed $6. To visit a stand a beach goer incurs a disutility of $0.50 for each 1/4 kilometer they have to walk to reach a stand. Each Bluth Banana costs $0.75 to make and each stand requires an operating fee to be paid to the city of $50 per day. Determine the equilibrium number of stands Bluth’s Bananas should operate on the beach given it is not in competition with any other firm. Determine the profit maximizing price for the bananas and calculate the profit realized by BB in equilibrium.
- 1.) GM’s Food Shops has completed a study of weekly demand for its “new-fashioned” tacos in 53 regional markets. The study revealed that where Q is the number of tacos sold per store per week, A is the level of local advertising expenditure, Pop denotes the local population (in thousands), and Pr is the average taco price of local competitors. For the typical GM’s outlet, P = P1.50, A = P1,000, Pop = 40, and Pr = P1. Q = 400 - 1,200P + 0.8A + 55Pop + 800Pr Estimate the weekly sales for the typical GM’s outlet. Determine the equilibrium price and equilibrium quantity, if supply is Qs = 700 + 1,200P considering the general demand function of GM’s outlet Should GM raise its taco prices? Why or why not?A supplier is selling tomatoes in two cities, Antalya and Istanbul. It costs him 1 TRY per kg of tomatoes delivered in each city. Let p1 be the price of a kg of tomatoes in Antalya and p2 be the price of a kg tomatoes in Istanbul. The price-response curves in each city: Antalya: d1(p1) = 500 - 100p1 Istanbul: d2(p2) = 1,200 - 200p2 Assuming the supplier can charge any price he likes, what prices should be charged for a kg of tomatoes in Antalya and Istanbul to maximize total contribution? What are the corresponding demands, revenues, and total contributions in each city? What is the total demand, total revenue, and total contribution over the two cities?Why does Pinterest consider Google to be its largest competitor? Pinterest Pinterest places a premium on mobile platforms when developing new products and services.