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What is the "own price
(a) 2/9 |
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(b) 9 |
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(c) 10 |
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(d) 9/2 |
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(e) -9 |
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- Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.B) $11,250,000 150 Ⓒ$15,750,000 (D) $11,000,000 130 110 90 70 50 Ford Field Capacity is 65,000 10000 30000 MC 50000 70000 MRL DL DH MRL and DL are for low-demand games. MRH and DH are for high-demand games. Based on the graph above, what is the total revenue for both games (high and low demand games) if the price is set at the high- demand price level? A $12,500,000 MRHProblem to handle: A company involved in mining and processing of limestone in the nation has the following supply and demand information at various price levels. --000 ASE 2 6 10 12 Price (USS) ● ● Demand (Q) Tonnes 18 15 12 9 6 3 Supply (Q.) Tonnes 3 (a) Derive the equations for demand and supply for the limestone product. (b) Estimate the market equilibrium price and quantity. (c) Explain the price imposition by government in terms of surplus and shortages for an introduced floor price of $9 on the market. (d) By using the demand schedule, produce the total revenue (TR) curve for different quantities of limestone and explain how revenue can be maximized relative to price and quantity variations (e) If demand is increased by 40% given the supply curve, determine the new Demand equation • Demand schedule by using the new demand equation Equilibrium price and quantity 6 9 12 15 18
- The owner of a skating rink rents the rink for parties at $1200 if 60 or fewer skaters attend, so that the cost per person is $20 if 60 attend. For each 5 skaters above 60, she reduces the price per skater by $0.50. (a) Construct a table that gives the revenue generated if 60, 70, and 80 skaters attend. No. of skaters Total Revenue 60 70 80 Price per Skater $ $ $ (b) Does the owner's revenue from the rental of the rink increase or decrease as the number of skaters increases from 60 to 80? O The revenue increases. O The revenue decreases. (c) Write the equation that describes the revenue for parties with x groups of five skaters more than 60 skaters. R(x) = (d) Find the number of skaters that will maximize the revenue. skaters (e) Find the maximum revenue. $ (f) When the revenue is at the maximum possible, what price is paid per skater? $DrivingNowhere is producing automobile spare parts. Consider the following data to answer below given questions. Annual demand 30500 Daily demand 100 Daily production 800 Desired lot size 200 Holding cost per uit per year $10 (a) Compute the setup cost so as to comply with the desired lot size. (b) Compute the setup time if hourly setup labor cost is $40.A steel firm creates water pollution for a downstream fishery. The price and cost functions for steel and fish are as follows: Price of steel 30 Cost function for steel Csteel(s,x) 6s + 3s? – 20x + 2x² Price of fish 50 Cost function for fish Cfish(f,x) 20f+5f² + 14x +x? (a) How much steel (s), pollution (x) and fish (f) will the steel and fish plants produce if they are merged and act to maximize joint profit? (Maximise joint profit)
- Good Own Price elasticity of demand Cigarettes -0.5 Alcohol -1.00 Soda -1.5 If the government wants to decrease the quantity consumed of cigarettes 20%, what percentage of tax would they have to levy on cigarette consumption? Question 39 options: 20% 30% 40% 50% Question 40 (1 point)Assume Red Eye, a monopolist, faces a market demand curve P= 130-20, and has the short-run total cost function TC= 350 + 100. (a) What is Red Eye's profit-maximizing level of output and price? What are profits? (b) Graph the marginal revenue, marginal cost, and demand curves. (c) (d) What would price and output be if Red Eye priced at socially efficient (competitive) levels? What is the magnitude of the deadweight loss caused by monopoly pricing? MacBook Air DOO esc F1 F2 20 F3 F4 F5 F6 F7 F9 F10 F12 # $ % JAADAG 2 3 4 5 Q W E R T S alt option A Z X command D с F V G 6 B Y & 7 H U N *00 8 J F8 1 ( 9 K M MOSISO O V H O L P command V F11 { [ alt option 10 ] 2 delete