12 Joe has just moved to a small town with only one golf course, the Northlands Golf Club, His inverse demand function isp-180-20.where is the number of rounds of golf that he plays per year. The manager of the Northlands Club negotiates separately with each person who joins the club and can therefore charge individual prices.This manager has a good idea of what Joe's demand curve is and offers Joe a special deal, where Joe pays an annual membership foo and can play as many rounds as he wants at $20, which is themarginal cost his round imposes on the Club. What membership fee would maximize profit for the Club? The manager could have charged Joe a single price per round. How much extra profit does theClub earn by using two-part pricing?The profit-maximizing membership foo (F) is $. (Enter your response as a whole number)The Club's extra profit (above what its profit would have been from charging a single per-round price) is $. (Enter your response as a whole number)

Given that,Demand function, p = 180 - 2qMarginal Cost, MC = 20

Joe has just moved to a small town with only one golf course, the Northlands Golf Club. His inverse demand function is p-180-20 where is the number of rounds of golf that he plays per year. The manager of the Northlands Club negotiates separately with each person who joins the club and can therefore ch This manager has a good idea of what Joe's demand curve is and offers Joe a special deal, where Joe pays an annual membership foo and can play as many rounds as he wants a marginal cost his round imposes on the Club. What membership fee would maximize profit for the Club? The manager could have charged Joe a single price per round. How much Club eam by using two-part pricing? The profit-maximizing membership foo (F) is $ (Enter your response as a whole number) The Club's extra profit (above what its profit would have been from charging a single per-round price) is $. (Enter your response as a whole number)

Joe has just moved to a small town with only one golf course, the Northlands Golf Club. His inverse demand function is p-180-20 where is the number of rounds of golf that he plays per year. The manager of the Northlands Club negotiates separately with each person who joins the club and can therefore ch This manager has a good idea of what Joe's demand curve is and offers Joe a special deal, where Joe pays an annual membership foo and can play as many rounds as he wants a marginal cost his round imposes on the Club. What membership fee would maximize profit for the Club? The manager could have charged Joe a single price per round. How much Club eam by using two-part pricing? The profit-maximizing membership foo (F) is $ (Enter your response as a whole number) The Club's extra profit (above what its profit would have been from charging a single per-round price) is $. (Enter your response as a whole number)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar like to listen to rock‐n‐roll music, and they love live bands. If the bar owner brings bands in to play music on a Saturday night, she will make a lot of money. However there are tenants in this building who get annoyed by the loud music. The benefits/costs to the owner/tenants of having zero, one, two or three bands on a Saturday night are listed below. Assume the bar owner has the right to hire as many bands as she likes. Iftransaction costs were $90, split between the bar owner and the tenants, how manybands would play? What would social welfare be? A. Three bands would play and social welfare would be ‐100.B. Two bands would play and social welfare would be 75.C. Two bands would play and social welfare would be ‐15.D. No bands would play and social welfare would be 0.E. Three bands would play and social welfare would be ‐190
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Output TFC 0 $500 2 500 4 CO 00 6 8 10 500 500 500 500 TVC $0 200 340 590 1000 1650 TC $500 700 840 1090 1500 2150
e. 0 10 20 11 12 13 14 15 16 17 18 19 20 $160,000 ▼ $160,000 V
PLS HELP ASAP ON BOTH