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- What are the consequences of reduced publicfunding?When would consumers and producers experience increased difficulty in coordinating their plansDropbox observes that there are two types of demand for its storage services: business and private individuals. The businesses’ demand curve is QB= 200−2PB, where QB is the amount of storage that businesses would like to purchase and PB is the price charged per unit of storage (e.g. pergigabyte) to businesses. The individuals’ demand curve is QI = 50−PI, where QI is the amount of storage that individuals would like to purchase and PI is the price charged per unit of storageto individuals. Dropbox’s cost function is given by C(Q) = 10Q+ 100 where Q=QB+QI. a. Suppose Dropbox can price discriminate between the two groups. Calculate the amount of storage it sells to each group, the two prices and total profits. b. Calculate consumer and producer surplus under price discrimination c. Suppose the government forbids price discrimination. Calculate the optimal unique price the monopolist would charge and her profits. Would the monopolist choose to serve bothbusinesses and individuals? d. Now…
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- 20. Heathrow Airport Holdings is a private company that operates Heathrow Airport in London. Suppose the company recently commissioned your consulting team to prepare a report on traffic congestion at Heathrow. Your report indicates that Heathrow is more likely to experience significant congestion between July and September than at other times of the year. Based on your estimates, demand is Qd1 = 600 − 0.25P , where Qd1 is quantity demanded for runway time slots between July and September. Demand during the remaining nine months of the year is Qd2 = 220 − 0.1P , where Qd2 is quantity demanded for runway time slots. The additional cost Heathrow Airport Holdings incurs each time one of the 80 different airlines utilizes the runway is £1,100 provided 80 or fewer airplanes use the runway on a given day. When more than 80 airplanes use Heathrow’s runways, the additional cost incurred by the company is £6 billion (the cost of building an additional runway and terminal). Heathrow Airport…Discuss the importance of transaction costs. How are businesses harnessing the power of network effects during the COVID-19 pandemic?Why is mobile connectivity considered a disruptivetechnology?
- Refer to the images 'Facebook versus Google Plus'. And answer the question below Why did Google Plus fail as a social networking site?Explain how to use the sharing economy Uber platform for transportation in South Africa?give me correct answer with proper explanation A network effect, or network externality, exists when: Group of answer choices a firm ’ s average total cost rises continuously over the entire ran the customers of one business overlap with those of another competing business. the costs of resources for an industry rises as the number of sellers in an industry expands. the value of a product or service to each consumer increases as the number of users expands.
