Reference no: EM131226831
Two-Part Tariffs
Pacific Studio is an amusement park. The marginal cost of providing each ride for a consumer is $2. After entering the park, each visitor's demand function for the number of rides is Q (p) = 40 - 4p, where p is the price for each ride.
a) Assume that according to the regulation, Pacific Studio is NOT allowed to charge any entry fee on the visitors. To maximize the profit, what should be the optimal price for each ride? How many rides would each visitor take? How much profit can Pacific Studio make from each typical visitor?
For parts (b) and (c): Assume that a change has been made in the regulation. The park is now allowed to charge an entry fee. (The park does not bear any cost to let visitors enter.)
b) To maximize the total profit from each visitor, how much entry fee should Pacific Studio charge on each visitor? How much should it charge for each ride? How many rides would each visitor take?
c) How much profit can the park make from each visitor in this case?
d) For the two pricing strategies you solved in part (a) and (b), which one leads to a Pareto efficient market equilibrium?
What region is the depletion region largest
: For a pn junction in which the it region is doped at tcn times the concentration of the p region, in what region is the depletion region largest? By what factor?
|
How might inequality lead to faster growth or development
: How might inequality lead to faster growth or development? How might it lead to slower growth or development? Is progress being made in the fight against poverty? Why or why not? What types of poverty policies have proved effective?
|
Break down the sorts of individuals
: Break down the sorts of individuals that work at Google, as for the business society of the association. Demonstrate five qualities that characterize a pioneer at Google, and decide the run of the mill foundation of a Google representative.
|
Calculate equilibrium quantity and price
: Sketch the curve in the appropriate graph for income elasticity; label axes and intercepts - Calculate marginal utility for both goods and the marginal rate of substitution.
|
Pareto efficient market equilibrium
: For the two pricing strategies you solved in part (a) and (b), which one leads to a Pareto efficient market equilibrium?
|
What is the net concentration of holes and electrons
: At a particular temperature, the fraction of ionized atoms in a piece of silicon is IM". If the material is doped to a level of I in 10" with acceptor atoms, what is the net concentration of holes and electrons in the resulting material?
|
What does its junction voltage become if it = 2
: A particular "1 mA diode", which at 25° C conducts I mA at 0.7 V, is operated at 95°C in a circuit which provides it a constant 100 RA current. What does its junction voltage become if it = 2?
|
What is the junction voltage
: A 10-A silicon diode for which a = 2 is known to have a forward voltage drop of 0.700 V at 10 A. What is the junction voltage at which it conducts 10 mA10 RA?
|
Short-term bond or a longer-term bond
: 1. All else equal, which bond's price is more affected by a change in interest rates, a bond with large coupon or a small coupon? Why? 2. All else equal, which bond's price is more affected by a change in interest rates, a short-term bond or a lo..
|