Bur TrensporrtotienScenario: Bus Depot is the only firm in the bus transportation industry. Bus Depot has economies of scale and is able to perfectly pricediscriminate.Refer to Bus Transportation: If the firm engages in perfect price discrimination, what quantity of passengers will purchase a ticket and what pricewill the customer pay?QuantityPriceO 3.000$5.00O 5.000$8.00O 6.000$5.00O 6.000the highest price each passenger is willing to payQuestion 60Country Y Gini Index 0.55Country Z Gini Index 0.75What can be concluded given the Gini Indexes for Countries Y and Z?O Country Y has a higher standard of living.O Country Z has a higher standard of living.O Income is more equally distributed in Country Y.Income is more equally distributed in Country Z.* PreviousNot

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r Trenperteen Scenario: Bus Depot is the only firm in the bus transportation induritry Bus Depot has economies of scale and is able to perfectly price discriminate Refer to Bus Transportation: If the firm engages in perfect price discrimination, what quantity of passengers will purchase a ticket and what price will the customer pay? Quantity Price O 3.000 $5.00 O 5.000 $8.00 O 6.000 $5.00 0 6.000 the highest price each passenger is willing to pay

r Trenperteen Scenario: Bus Depot is the only firm in the bus transportation induritry Bus Depot has economies of scale and is able to perfectly price discriminate Refer to Bus Transportation: If the firm engages in perfect price discrimination, what quantity of passengers will purchase a ticket and what price will the customer pay? Quantity Price O 3.000 $5.00 O 5.000 $8.00 O 6.000 $5.00 0 6.000 the highest price each passenger is willing to pay

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Suppose the graph represent demand and marginal cost for a firm that is able to engage in perfect price discrimination. What is this firm's profit? Price and costs $50 45 40 35 30 25 20 15 10 5 D 0 10 20 30 40 50 MC = ATC T 60 70 80 90 100 Downloads per hour
Delores and Xavier, who manage a confection booth at a horse show, determine that to raise their profits, they should engage in price discrimination. Delores' idea is to charge a low children's price for cotton candy. Xavier's idea is to charge a low children's price for small statuettes of horses. Which scheme would be less susceptible to the problem of resale? O a. They're equally susceptible. Ob. It's impossible to tell, given the information provided. OC. Delores Od. Xavier's
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Figure Monpo12: A Fim in An Imperfectly Competitive Industry Price MC Given: Q* = 120 P* = S5.00 P* ATC AVC PATC PATC = S3.40 PArC PAVC = S0.50 D MR Quantity Q' Refer to Figure Monpo12. Profits for this monopoly is about O $196 O $192 O No answer text provided. O No answer text provided.
Suppose an airline sells air tickets to two types of customer – business travelersand vacation travelers. Their estimated demand elasticities are -2.5 and -4.0respectively.Suppose the marginal cost is constant at $240, and the services provided to thetwo types of customer are similar.a. Based on the given information, explain with TWO practical reasons whether theairline should charge a higher price on business travelers or vocational travelers.Explain without calculation.
Assume that you are a loyal customer from Lanuit Coffee and you always buy Americano coffee from Lanuit Coffee with the price USD 10, but then you look the Toast n Bread store bundling package that consists of the various coffee brand: Happy Coffee with Toast n Bread package USD 20. Which one will you choose? Will you still buy coffee from Lanuit Coffee? And as a loyal customer, which one more elastic, Lanuit Coffee or Happy Coffee for you? If you as the management of Lanuit Coffee, what will you do to keep the loyal customer, and how about your opinion with the elasticity of demand in Lanuit Coffee products? Please explain your answer.
мсо 20 A profit-maximising firm produces homogenous (identical) units of output at a constant marginal cost and the units can be sold in two distinct market segments, which are segments A and B. On the assumption that the absolute value of the price elasticity of demand is lower in market segment A than it is in market segment B, if the firm decides to exercise price discrimination, we would expect to observe: A Ido not want to answer this question. В a higher price in market segment A to reflect the lower price elasticity the same price in both market segments since the marginal cost of production is the same for both markets and profits are maximised at MR = MC in both C markets D a higher price in market segment B to reflect the higher price elasticity E MR MC in market segment B because the higher elasticity allows a mark up of marginal revenue over marginal cost
Figure Monpo12: A Fim in An Imperfectly Competitive Industry Price MC Given: Q* = 120 P* = S4.00 PATC = S3.40 P* %3D ATC AVC PATC PAVC PAVC = S0.50 D MR Q* Quantity Refer to Figure Monpo12. Profits for this monopoly is about O $72 O No answer text provided. O $74 O No answer text provided.
If the monopolist shown in the following figure could practice first-degree price discrimination, the consumer surplus would be: Price (dollars) 50 40 30 20 10 0 O $450.00 $900.00 $0.00 $225.00 O $1,200.00 30 50 60 MR 100 MC Quantity
QUESTION 23 If the monopolist shown in the following figure could practice first-degree price discrimination, the producer surplus would be: Price (dollars) 50 40 30 20 10 $0. $225. $450. $900. O $1,200. 30 50 60 MR 100 MC Quantity
If a monopolist faces an inverse demand curve, p(y) = 100-2y and has constant marginal costs of $32 and zero fixed costs and if this monopolist is able to practice perfect price discrimination, its total profits will be O a. $1,156. O b. $17. O c. $578. O d. $1,734. O e. $289.
The monopoly supply curve is the O same as the competitive market supply curve. O portion of marginal costs curve where marginal costs exceed the minimum value of average variable costs. O result of market power and production costs. O none of the above