An amusement park decides to apply two-part tariff rule to set price, given the demand equation P-6-2.5Q and MC =$1. Based on equilibrium price (P) and quantity (Q), how much is the maximum upfront fee the park could charge each visitor? (please review notes on 'Consumer value (refer to slides 1, 2, and 3)) O $0.75. O $1.0. O$1.25. O$1.5.

An amusement park decides to apply two-part tariff rule to set price, given the demand equation P-6-2.5Q and MC =$1. Based on equilibrium price (P) and quantity (Q), how much is the maximum upfront fee the park could charge each visitor? (please review notes on 'Consumer value (refer to slides 1, 2, and 3)) O $0.75. O $1.0. O$1.25. O$1.5.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Y Slope-Intercept Form Two-Point Form 100 Y 90 (0 – 90) 80 Vertical Intercept 10.00 70 (X = 0) 60 Slope 50 40 -40 50 30 Slope 10.00 20 10 0 1 2 3 5 6 7 8 9 4 10 E COORDINATE PAIRS 1 2 3 4 5 6 7 8 10 Y 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 110.00 Calculate the slope and vertical intercept of the line that goes through the points described in the table below. 7 30 1 2 3 4 6 8 9 y 72 66 60 54 48 42 36 24 18 vertical intercept = slope D
i need in words (not handwritten) no copy paste please plagrism free text
What type pf correlation does the graph show ?
1
Shack Homebuilders Limited is evaluating a new promotional campaign that could increase home sales. Possible outcomes and probabilities of the outcomes are shown next. Possible Outcomes Ineffective campaign Normal response Extremely effective Additional Sales in Coefficient of variation Units 50 70 130 Probabilities 0.40 0.30 0.30 Compute the coefficient of variation. Note: Do not round intermediate calculations. Round your answer to 3 decimal places.
i) C = 250 + 0.8 Y I = 150G = 300TR = 100NX = 100t =0.25 ii) C^ falls to 50, MPS falls to .05, I falls to 10, G falls to 100 and NX falls to 10. Make a graph of i) and ii)
'0.1×1502+0.2×1002+0.3×502' mean is '0.1×1502+0.2×1002+0.3×502 = 2250 + 2000 + 750' or '0.1×150×2+0.2×100×2+0.3×50×2 = 30 + 40 + 30' ?
Question 19 Lot's say you run a simulation and figure out that your sample bs one of the likely sampies that could have come from a DGP of 0. What would that mean? • A That is a good sign. Our model is good and probably explains a lot of variation. • B This is a bad sign for our model because a DGP of 0 means there is no relationship between the explanatory and outcome variable. • C This does not mean anything for our model. We have to run supernova to find out about how good our model is. • Dit depends on what our b Type Markdown and LaTeX: a Question 20 14 MacBook Pro
Each term (3 months) the current group of economics students completed a questionnaire as to how much they would spend on new purchases compared to how much they would save/pay off bills, if they suddenly and unexpectedly received a check for $1,000. The average MPC is shown in the table below. Month in which student poll was taken Average of students’ responses as MPC March 0.41 June 0.30 September 0.22 December 0.56 What do these MPC’s imply about the students’ thinking over the course of the year? (Enter response here.) What is likely happening in the economy during the same period of time?
2. only
Assign the figure with the correct correlation coefficients. Possible coefficients: 0.99, 0.58, -0.10, -0.63 Graph A 14 12- 10- 14 Graph B 12- 8- 10- 8. 0- 4- -2 -4- -6- -8 0- 4 8. 14 Graph C 12- 2 Graph D 10- 8- -2- 6- -4- 4- -6- 24 -8- -10- 8 2. 642
(Ch7) If the mean time between in-flight aircraft engine shutdowns is 12,500 operating hours, what is the 90 percentile on the distribution of the number of hours until the next shutdown? (hint: convert the mean time between events to the mean events per hour λ, then apply inverse exponential) Question 7Select one: a. 20,180 hours b. 18,724 hours c. 23,733 hours d. 28,782 hours