A large country club with considerable market power currently prices their green fees at $42 per member. However, they are looking to price discriminate by grouping their customers as senior citizens vs. non-senior citizens, as shown below. Senior citizens Non-senior citizens P $55 $50 $45 $40 $35 $30 $25 $20 $15 $10 10 10 20 20 30 40 40 50 50 P $55 MC $50 $45 $40 $35 $30 D $25 MR $20 $15 $10 60 70 80 90 100 Q 10 20 30 40 40 MR D MC 50 60 70 80 90 100 a Assume that the average cost is $25 per member. What profit will the firm achieve if they are able to successfully price discriminate? (a) $1,240 (b) $1,350 (c) $1,620 (d) $1,800 7425

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Cesar Rego Computers, a Mississippi chain of computerhardware and software retail outlets, supplies both educationaland commercial customers with memory and storagedevices. It currently faces the following ordering decision relatingto purchases of very high-density disks:D = 36,000 diskss = $25I = 20%Purchase price = $0.85Discount price = $0.82Quantity needed to qualify for the discount = 6,000 disksShould the discount be taken?

You will find below Exercise No. 1. You are expected to accomplish the exercises preferably in your own words. Do practice proper citation if you are getting information from the internet (APA citation style). In submitting, indicate your Last Name, First Name_sectionAssign#1 Exercise No. 1 Compare and contrast the different intellectual property rights in terms of the following criterion: (1) definition (2) criteria (3) years of protection (4) advantage (5) disadvantage Intellectual Property Right 1. Patent Right 2. Utility Model Right 3. Copyright 4. Design Right 5. Trademark Right Definition Criteria Years of Protection Intellectual Property Right 1. Patent Right 2. Utility Model Right 3. Copyright 4. Design Right 5. Trademark Right Advantage Disadvantage

General Motors, the automobile manufacturing company, recently ran an advertisement for its cars.  It offered a 21% discount on its suggested retail price on all of its cars only to “current competitive owners”  - anyone who is currently owning or leasing a NON-General Motors car.  Customers must show proof of ownership (or lease) of a 2001 model year or newer non-GM vehicle dated at least 30 days prior to the sale of a new General Motors car. 1) How does General Motors benefit from selling cars at a 21% discount to non-GM owners?  Explain why this pricing strategy increases General Motors’ revenues and profits versus selling all General Motors cars at one price.   Be sure to use economic concepts used in the class for your answer. 2) Why does General Motors require proof of ownership (or lease) of a non-GM vehicle? Explains how this benefits General Motors.

Dunkin’ Donuts assumes you, like all the other locally owned shops, will choose to close rather than compete, and they will have a monopoly on donut sales in your area. If they made that assumption, What quantity of donuts would they be most likely to sell to maximize profits? What price would they charge per donut?

33 (a) Consider the rod-cutting problem discussed in lecture. Suppose we are given the following price/length table below. Fill out the table for the maximum revenue r for each subproblem? (8 points) length i 1 2 3 4 5 6 7 8 9 price pi 1 4 5 8 8 12 14 19 22 22 length i 1 2 3 4 5 6 7 8 9

Panther Acre Cattle Company - Chapter 7 Lab A typical farm or ranch problem is determining the optimum or profit-maximizing weight to sell fed cattle. Assume the feeder cattle are purchased at 600 pounds. The feed required and the weight gain is shown in the table below. Feed costs 7¢ per pound and feeder cattle prices are as follows: Weight Price per Pound 600-899 lbs 72¢ go to 3rd 900-1099 lbs decimal 1100 lbs or more 70¢ Point 67¢ Pay attention to the price changes when computing MVP. Input Output Feed Weight Selling Required Gain Weight Total Average Marginal Marginal Marginal Revenue Physical Physical Value Input (lbs) (lbs) (lbs) Product Product Product Cost 600 0 0 600 432 XXX XXX XXX XXX 500 50 So 650 468 0.10 0.083 1,100 145 as 745 536.40 0.132 6.158 1,700 235 aol 835 601.20 0.138 0.15 2,300 320 85 920 644 0.139 2,900 400 80 1,000 700 0.138 3,500 465 65 1,065 745, 50 0.133 4,100 525 60 1,125 753.75 0.128 4,700 575 SO 1,175 787.25 0.122 5,300 615 40 1,215 814.05 0.116 5,900 645…

Squeak eClean produces commercial sanitizer used to clean tanker trucks that haul liquid food products such as milk. This sanitizer a commodity like any other and at the wholesale level, there are many domestic and foreign producers that compete vigorously. Suppose you have the following estimated market demand and supply functions for the sanitizer. Qd = 248.08 + 2.2Y - 0.6PC + 1.2 PS  - 4P Qs = - 10 + 2P In these equations, Q measures output in gallons per month (in 1,000’s), P is the price per gallon of the sanitizer, Y is annual average household income (in 1,000’s), PC  is an index of commodity prices, and  PS is the average price per gallon of other types of sanitizer. After gathering the latest data, you find that average household income is $36,400, the current level of the commodity price index is 110.6, and the average price per gallon of other types of sanitizers is $48.50. Find the current equilibrium price and quantity in this market. Find the equilibrium price and…

Assuming that the monopolistic competitor faces the demand and costs depicted below and finds the profit maximizing level of output, what will be the firm's total cost? 20 16 12 322226284 $156 MR1 MC1 ATC1 AVC D1 1 2 3 4 5 6 7 8 9 $128 $108 $136