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Why would club goods not have a free rider problem?
Club goods are the one that holds some of the features of public good such that it is non-rivalrous as the consumption by one person does not reduce the availability of the same for others, but to a some extent.
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- Only typed answer and don't use chat gpt and don't answer in table 2. Charlie consumes apples (A) and bananas (B). His utility function is . The price of apples is $1, the price of bananas is $2, and Charlie’s income is $40. The price of bananas suddenly falls to $1. (a) Before the price change, how many apples and bananas did Charlie consume? (b) After the price change, how many apples and bananas did Charlie consume? (c) If after the price change, Charlie’s income had changed so that he could only attain his original level of utility, how many apples and bananas would he have consumed? (d) What are the magnitudes of the price, substitution, and income effects for the consumption of bananas?Concept Integration. Review the theory ofsupply and demand in Chapter 2 (see pages 39–43).How do skimming and penetration pricing strategiesinfluence a product’s supply and demand?A company wants to issue a coupon for a product. The marginal cost of the product is $1. If the elasticity of demand for coupon users is -5 and the elasticity of demand for non-coupon users is -2, then in order to maximize profit, what should the value of the coupon (in dollars) be? Group of answer choices: 1) 0.50 2) 0.75 3) 1.00 4) 1.50
- What type of pricing strategies are airlines using? Is it ethical for airlines to charge baggage fees?Which of the following is a major contributor to VM sprawl? Select one. Question 5 options: Virtual machines are too difficult and costly to shut down. It is easy to create new virtual machines. Too many internal policies exist to regulate virtual machines, and employees ignore them. Multiple attacks are made on hypervisors.Tyke's Bikes is a bicycle sales and repair shop in a small city. It sells new and used bikes with a narrow profit margin and does repairs at minimal costs. Frequently, if a child comes into the sh with a broken part or a flat tire, Tyke's makes the repair for free if the child has no money. Tyke's also provides a free one-hour repair class for those who want to learn how to fix their bikes. At local organized bike rides, Tyke's provides free services, asking only for voluntary donations. W theory of corporate social responsibility is Tyke's exhibiting? O The narrow view, or invisible hand theory. The moderate view, or government's hand theory. The hybrid view, or citizen's hand theory. The broad view, or good corporate citizenship..
- Any charge that is not airfare is referred to as ancillary revenue for airlines—and they are cleaning up on it to the tune of $20 billion a year. While consumers can avoid some fees, such as those for food, preferred seating, and wi-fi, the majority can’t avoid baggage fees. What type of pricing strategies are airlines using? Is it ethical for airlines to charge baggage fees?For distract drivingIn some cities, Uber has a monopoly on ride-sharing services. In one town, the demand curve on weekdays is given by the following equation: P = 50 - Q. However, during weekend nights, or surge hours, the demand for rides increases dramatically and the new demand curve is P = 100 - Q. Assume that marginal cost is zero. a. Determine the profit-maximizing price during weekdays and surge hours. b. Determine the profit-maximizing price during weekdays and surge hours if MC = 10 instead of zero.
- You are the manager of a monopolist that produces women shoes and faces a random marginal cost. The demand for women shoes is O = 1000 - 0.1P Marginal cost can be constant at either $60 with a probability of 50% or $40 with a probability of probability of 50%. Draw a graph and plot the demand for shoes. Derive the marginal revenue curve and plot it on the graph. Find the price and output that maximize profits. Find the firm's profits.A team sells tickets to their event and souvenir shirts. There is no marginal cost per ticket, but shirts cost $5 to produce. There are casual fans, who place a value of $10 on tickets and $10 on shirts, and serious fans, who place a value of $25 on tickets and $4 on a t-shirt. The team sells tickets as a mixed bundle, pricing a ticket and shirt combination at $20. If they want to maximize profits, how much should they charge for a ticket on its own? Your Answer: AnswerHow is voluntary simplicity related to thematerialism value? What are the marketingimplications of voluntary simplicity? Do theseimplications vary by product class?
