Only typed answer Juanita owns a plot of land in the desert that isn't worth much. One day, a giant meteorite falls on her property, making a large crater. The eventattracts scientists and tourists, and Juanita decides to sell nontransferable admission tickets to the meteor crater to both types of visitors: scientists(Market A) and tourists (Market B). The following graphs show daily demand (D) curves and marginal revenue (MR) curves for the two markets.Juanita's marginal cost of providing admission tickets is zero.PRICE (Dollars per ticket)10981010WDL100+2Market AMRA4 6 8 10 12 14 16 18 20QUANTITY (Admission tickets)Pricing PolicyNondiscriminatoryDiscriminatoryD?Total Revenue(Dollars)PRICE (Dollars per ticket)1098Juanita charges a lower price in the market with a relatively160 153 N210+0 2Suppose that at first, Juanita charges the same price of $4 per admission in both markets so that the total number of admissions demanded istickets.Market BSuppose now that Juanita decides to charge a different price in each market. To maximize revenue (and therefore, profits), Juanita should charge$per admission in Market A and $ per admission in Market B. At these prices, she will sell a total quantity ofadmissiontickets per day.MRB Pa4 6 8 10 12 14 16 18 20QUANTITY (Admission tickets)Complete the following table by calculating Juanita's total revenue from selling in both markets under the nondiscriminatory as well as thediscriminatory price policy.price elasticity of demand.

Answered: Image /qna-images/answer/99b0e69b-31f2-4a1f-8c4c-9a18fa90c08e.jpg

Juanita owns a plot of land in the desert that isn't worth much. One day, a giant meteorite falls on her property, making a large crater. The event attracts scientists and tourists, and Juanita decides to sell nontransferable admission tickets to the meteor crater to both types of visitors: scientists (Market A) and tourists (Market B). The following graphs show daily demand (D) curves and marginal revenue (MR) curves for the two markets. Juanita's marginal cost of providing admission tickets is zero.

Juanita owns a plot of land in the desert that isn't worth much. One day, a giant meteorite falls on her property, making a large crater. The event attracts scientists and tourists, and Juanita decides to sell nontransferable admission tickets to the meteor crater to both types of visitors: scientists (Market A) and tourists (Market B). The following graphs show daily demand (D) curves and marginal revenue (MR) curves for the two markets. Juanita's marginal cost of providing admission tickets is zero.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: What is the purpose of graphic analysis?

A: Graphical analysis refers to the data analysis done using graphical techniques in order to determine…

Q: Do you have any references or sources for this information

A: In an error correction model (ECM) expectations about future economic conditions can influence the…

Q: jsmod748o@emailify.shop

A: The email address you provided, j..o@emailify.shop, appears to be a disposable email address.…

Q: The table shows a private open economy. All figures are in billions of dollars. Real GDP C+ lg Net…

A: The real GDP refers to the total goods and services produced in an economy in a given fiscal…

Q: Make flow chart of type of budget?

A: budget is a estimate expense and income for certain period of time

Q: Carson used $800 000 of their savings to open a coffee shop. The savings account paid 2% interest.…

A: We know that the economic profit is the difference between the total sales revenue of output and the…

Q: The parts where it is written on paper the paragraphs below. Can you please type them as I do not…

A: Budget line shows the relationship between the goods , their prices and the income of consumer. The…

Q: Please write more clearly.

A: Production function shows the relationship between the inputs used and output produced. The marginal…

Q: 24 20 Price and co st (dollars per arate)

A: In short run a firm should shut down when the price is equal of less than the average variable cost.…

Q: Tutorial

A: Hi, thank you for the question. As per our Honor code, we are allowed to attempt only first…

Q: Use image

A: The spending function represents the relationship between household spending and total income. When…

Q: could you type ur answer i can't read ur handwr

A: The break even point is where the annual savings from the Solar Panel affect the initial investment.…

Q: Alex is injured and rushed to Care Hospitals for treatment. He spent 64 minutes at the hospital out…

A: The objective of the question is to calculate the service cycle efficiency for Alex's visit to the…

Q: How is the Purchasing power important?

A: Answer - Purchasing Power - Purchasing power is overall buying capacity of country which is…

Q: What important informations are required in evaluations?

A: Evaluation can be understood as a systematic and objective assessment of an ongoing or completed…

Q: What is a CD and how do they work?

A: Certificates of deposit (CD) are secured form of long period of time deposits. The money is kept in…

Q: You are looking for a car to lease. Your income is $3,000 per month, and you know that you should…

A: Answer: Given, Monthly income = $3,000 20% of income=3000×2010020% of income=600Total money for car…

Q: writr Cost–volume symbols?

A: Cost volume is a kind of cost accounting useful for short run consequences and also for primitive…

Q: Where do you get the number 11?

A: Given, Marginal propensity to save (mps)=0.2 Marginal propensity to import (mpm)=0.1 Marginal income…

Question

Only typed answer

Juanita owns a plot of land in the desert that isn't worth much. One day, a giant meteorite falls on her property, making a large crater. The event
attracts scientists and tourists, and Juanita decides to sell nontransferable admission tickets to the meteor crater to both types of visitors: scientists
(Market A) and tourists (Market B). The following graphs show daily demand (D) curves and marginal revenue (MR) curves for the two markets.
Juanita's marginal cost of providing admission tickets is zero.
PRICE (Dollars per ticket)
10
9
8
10
10
W
DL
1
0
0
+
2
Market A
MRA
4 6 8 10 12 14 16 18 20
QUANTITY (Admission tickets)
Pricing Policy
Nondiscriminatory
Discriminatory
D
?
Total Revenue
(Dollars)
PRICE (Dollars per ticket)
10
9
8
Juanita charges a lower price in the market with a relatively
160 153 N
2
1
0
+
0 2
Suppose that at first, Juanita charges the same price of $4 per admission in both markets so that the total number of admissions demanded is
tickets.
Market B
Suppose now that Juanita decides to charge a different price in each market. To maximize revenue (and therefore, profits), Juanita should charge
$
per admission in Market A and $ per admission in Market B. At these prices, she will sell a total quantity of
admission
tickets per day.
MRB Pa
4 6 8 10 12 14 16 18 20
QUANTITY (Admission tickets)
Complete the following table by calculating Juanita's total revenue from selling in both markets under the nondiscriminatory as well as the
discriminatory price policy.
price elasticity of demand.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Given Information

VIEW

Step 2: Answers

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Typed and correct answer please. I ll rate
Could you please answer questions d and e.
What cultural aspects (language, religion, customs) a company must have in the area of technology
Typed plzzz And Asap Thanks
how was EVwSample info calculated for this problem?
This ended up being wrong. Can you please re-do? Thanks
Imagine you are the mayor of a town and you are trying to decide if you should pay for a fireworks show. Your staff survey your 400 citizens who say that they each value a fireworks show at $10. The fireworks show only costs $3,000 so you put on the show but when you ask for donations to pay for the fireworks you only receive $25 total. What does this result show? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. You staff's survey must have overestimated the value of a fireworks show. b The fireworks cost must have been greater than their economic benefit. The firework show suffered from the Tragedy of the Commons problems d The town's citizens were free-riders.
How can we determine the number of payment periods?
A sentence that contains a metaphor
Find APS if savings is $505 and the income is $810
Only typed answer and please don't use chatgpt You are looking for a new apartment in Manhattan. Your income is $4,000 per month, and you know that you should not spend more than 25 percent of your income on rent. You have come across the following listing for one-bedroom apartments on craigslist. You are indifferent about location, and transportation costs are the same to each neighborhood. Chelsea $1,200 Battery Park $2,200 Delancey $950 Midtown $1,500 Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. a. Which apartments fall within your budget? Chelsea Battery Park Delancey Midtown b. Suppose you adhere to the 25 percent guideline but also receive a $1,000 monthly cost-of-living supplement since you are living and working in Manhattan. Which apartments fall within your budget now? Chelsea Battery Park Delancey Midtown
What is a transfer payment?