You live in a town with 300 adults and 200 children, and you are thinking about putting on a play to entertain your neighbors and make some money. A play has a fixed cost of $1,000, but selling an extra ticket has zero marginal cost. Here are the demand schedules for your two types of customers: Price Adults Children (Dollars) (Tickets) (Tickets) 10 9 50 100 150 200 250 50 4 300 100 300 150 300 200 300 200 300 200 To maximize profit, you would charge for an adult's ticket and for a child's ticket. Total profit in this case would be The city councilt passes a law prohibiting you from charging different prices to different customers. Now you set a price of for all ikets, resulting in profit. Indicate whether each of the following groups of people is better off, worse off, or the same because of the law prohibiting price discrimination. Group of People Better Off Worse Off Unchanged Adults

You live in a town with 300 adults and 200 children, and you are thinking about putting on a play to entertain your neighbors and make some money. A play has a fixed cost of $1,000, but selling an extra ticket has zero marginal cost. Here are the demand schedules for your two types of customers: Price Adults Children (Dollars) (Tickets) (Tickets) 10 9 50 100 150 200 250 50 4 300 100 300 150 300 200 300 200 300 200 To maximize profit, you would charge for an adult's ticket and for a child's ticket. Total profit in this case would be The city councilt passes a law prohibiting you from charging different prices to different customers. Now you set a price of for all ikets, resulting in profit. Indicate whether each of the following groups of people is better off, worse off, or the same because of the law prohibiting price discrimination. Group of People Better Off Worse Off Unchanged Adults

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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ONLY NEED QUESTIONS 5,6,8,10 and 13
Dyson Corporation The Dyson Corporation has recently evaluated a proposal to invest in cost-reducing production technology. According to the evaluation, the project would require an initial investment of $17,166 and would provide equal annual cost savings for five years. Based on a 10 percent discount rate, the project generates a net present value of $1,788. The project is not expected to have any salvage value at the end of its five-year life. Refer to Dyson Corporation. What is the project's expected internal rate of return? Present value tables or a financial calculator are required. Select one: a. 13% b. 11% c 10% d. 14%