Market (Industry) MC Firm ATC 10 AVC 81 D (millions) 40 70 80 Study the graph given above. What will be the profit maximizing price and profit maximizing quantity from the abc graph. a. $10 and 80 b. $4 and 40 c. $8 and 70 d. $40 and 80
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- Imagine you are marketing manager and your want to create a report of market segmentation and your product is bike for example Lit C1 explain every segment one by one in 200-250 wordsSubject:Business economics Q.1): Apublisher faces the following demand schedule for the next novel from one its popular authors: Price Quantity demand $100 0 novels 90 100,000 80 200,000 70 300,000 60 400,000 50 500,000 40 600,000 30 700,000 20 800,000 10 900,000 0 1,000,000 the author is paid $2 million to write the book & the marginal cost of publishing the book is a constant $10 per book c) graph the marginal revenue, marginal cost & demand curve. at what quantity do the marginal revenue & marginal cost curve cross? what does this signify? d) in your graph shade in the deadweight loss. explain in words what this mean.Please submit the answer and then watch the video feedback.Farmer Ted sells 1,000 bushels of wheat at a price of $5 per bushel in a competitive market. Wilma sells 5 gallons of water at a price of $5 per gallon in a monopoly market. If both Farmer Ted and Wilma want to sell a higher quantity, what happens to their respective prices? a.Farmer Ted's price remains constant and Wilma's price decreases. b.Farmer Ted's price decreases and Wilma's price remains constant. c.Farmer Ted's price remains constant and Wilma's price increases. d.Both Farmer Ted's and Wilma's prices decrease.
- Econ Airlines (EA) flies only one route: Edinburgh – London. The demand for each flight is Q = 500 − P. EA’s cost of running each flight is £30,000 plus £100 per passenger. a. What is the profit-maximizing price that EA will charge? How many people will be on each flight? What is EA’s profit for each flight?3.1 BAD Enterprises is considering increasing the price of its harmonicas,currently $20, by 25 per cent. BAD’s current revenue is $12,000 a month,and the PED for its harmonicas is estimated to be 1.8.a. Calculate the effect of the price change on BAD’s revenue.b. BAD now considers increasing its advertising budget to restore its salesrevenue to its previous level. BAD is currently spending $1,500 a monthon advertising and estimates its AED to be 1.5. What will its new budgethave to be?c. What can you say about what will happen to profit in both (a) and (b)compared with the original level of profit? 3.5 MK Corp estimates that its demand function is as follows:Q ¼ 400 12:5P þ 25A þ 14Y þ 10P where Q is the quantity demanded per month, P is the product’s price(in $), A is the firm’s advertising expenditure (in $’000 per month), Y is percapita disposable income (in $’000), and P * is the price of AJ Corp.a. During the next five years, per capita disposable income is expected toincrease…The Krampf Lines Railway Company specializesin coal handling. On Friday, April 13, Krampf hadempty cars at the following towns in the quantitiesindicated: Town Supply of Cars Morgantown 35 Youngstown 60 Pittsburgh 25 By Monday, April 16, the following towns will needthe numbers of coal cars listed: Town Demand for Cars Coal Valley 30 Coaltown 45 Coal Junction 25 Coalsburg 20 Using a railway city-to-city distance chart, the dis-patcher constructs a mileage table for the preceding towns. The result is shown in the table on this page.Minimizing total miles over which cars are movedto new locations, compute the best shipment of coalcars.
- The global crisis of electronic chips shook and shattered many industries while in theforefront of the headlines the COVID-19 pandemic rages through the economies ofthe world. You watched a video on this crisis and participated in a discussionin the class. Pick up an industry of your choice and discuss how this industrygot hit by this chip shortage. How much was the usual demand? Did the demandincrease during the COVID pandemic or it reduced? Did the industry cut production?Did it suffer a revenue downfall? Was there any variation of the impact withrespect to the difference in economic regions e.g. Asia, Europe, North America,The Middle East etc..? Did it find an alternate way to circumvent the crisis? Countryeconomy-wise which one is hardest hit (or the least)? Why? What type ofrecovery do they expect or foresee? How are they making sustainability plansfor such a crisis in the future? Try to answerthese questions in your write up but don’t limit them within the boundary ofthese…Suppose the JLFB movie production company has produced two movies, A and B, and distributes them to theaters with willingness to pay for the two movies, which is shown below, Movie A Movie BA. Smith Theater $135 $95J. Schumpeter Theater $85 $115 a. Which package will result in the largest profit for the JFLB movie production company?4 Some online retailers include free shipping while others charge for shipping. In July 2006, bajangles.com offered a Sony 60-inch rear projection TV for $2,968.99 with free shipping, while MB superstore offered the same TV for $2,692.95 with shipping charge of $299.50 to Alaska. (a) Using relevant demand and supply curves, explain whether it matters for consumers if the retailer offers free shipping or charges for shipping. (b) If consumers view bajangles.com and MB superstore as equivalent (in terms of quality of service), how should their prices for the same TV compare? Are the prices consistent with your answer in (a)? (c) If consumers are biased in decision-making by anchoring, how would that affect your answer in (a)?
- Subject:Business economics Q.1): A publisher faces the following demand schedule for the next novel from one its popular authors: Price Quantity demand $100 0 novels 90 100,000 80 200,000 70 300,000 60 400,000 50 500,000 40 600,000 30 700,000 20 800,000 10 900,000 0 1,000,000 the author is paid $2 million to write the book & the marginal cost of publishing the book is a constant $10 per book e) if the author were paid $3million instead of $2million to write the book how would this affect the publisher decision regardig what price to charge? explainMax barbershop is considering raining prices by $5 per haircut. Their current price for a cut is $23 abd babers receive 50% of the revenues for each haircut. Since Max is concerned about demand dropping due to the price increase, he is also planning to start advertising the shop on TV for $895 month. If current fixed cost are $11,576/month the current profit is $2000/month by what percent can demand decrease at the new price level and maintain current levels of profit on the business?
