Consider a small town where there is only one company producing laptops. There are 6 potential customers of laptops,labelled as Customer A to Customer F, respectively. The table below shows the willingness to pay for laptops by eachcustomer, and the marginal cost of various quantities of laptops produced by the company. It is given that the companyhas a fixed cost of $800. Assume that the company knows each customer's willingness to pay for laptops. If the law.requires the same price to be charged to all customers for the same product, employ the cost-benefit concept todetermine the optimal quantity and price, and the profit of the company. How will your answers be affected if thecompany can charge different prices to \table[[Customer, Willingness to Pay ($), Quantity, Marginal Cost ($)], [A,1,000, 1,200], [B, 900, 2, 300], [C, 800, 3, 400], [D, 700, 4, 500], [E, 610, 5, 600], [F, 520, 6, 700]] different customers?CustomerAWillingness to Pay ($) Quantity Marginal Cost ($)1,0001200B9002300C8003400D7004500E6105600F5206700

Based on this analysis, the optimal quantity to produce is 3 laptops since customers A, B, and C are…

Answered: Consider a small town where there is…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The concert promoters of a heavy metal band, WeR2Loud, know that there are two types of concert - goers: die - hard fans and casual fans. For a particular WeR2Loud concert, there are 1.000 die - hard fans who will pay $150 for a ticket and 500 casual fans who will pay $50 for a ticket. There are 1,500 seats available at the concert venue. Suppose the cost of putting on the concert is $50,000, which includes the cost of the band, lighting, security, etc. Refer to Scenario 15-6. How much additional profit can the concert promoters earn by charging each customer their willingness to pay relative to charging a flat price of $150 per ticket? Group of answer choices $25,000 $50,000 $ 75,000 $100,000
don't use ai answer,i will 5 upvotes
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Write out the constrains. Only Typing, no photos, no handwriting.
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Walmart can be viewed as a first mover. Now suppose both Walmart and HEB are considering whether and how to enter a potential market. Market demand is given by the inverse demand function p= 900−q1−q2, where p is the market price margin, q1 is the quantity sold by Walmart and q2is the quantity sold by HEB. To enter the market, a retailer must build a store. Two types of stores can be built: Small and Large. A Small pantry store requires an investment of $50,000, and it allows the retailer to sell as many as 100 units of the goods at zero marginal cost. Alternatively, the retailer can pay $175,000 to construct a Large full-service supermarket that will allow it to sell any number of units at zero marginal cost. *Assume Walmart has built a Large full-service supermarket (i.e.Walmart chooses to build a large full-service supermarket L1 at the first stage). Calculate Walmart's profit for the following cases: a.) HEB chooses not to enter N at the second stage after viewing Walmart’s…
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