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The Snow City Ski Resort caters to both out-of-town skiers and local skiers. The demand for ski tickets of out-of-town skiers is given by Qo = 600 - 10 Po, while the demand for ski tickets of local skiers is given by Ql = 400 - 20 Pl . The marginal cost of servicing a skier of either type is $10. If Snow City Ski Resort (third-degree) price discriminates then the profit maximizing prices (for a ski ticket) are
Po = 35, Pl = 2
Po = 30, Pl = 25
Po = 15, Pl = 28
None of the above
What is the new equilibrium price and output in the short run for both the industry and each firm.
Comparative advantage - How companies and countries are becoming specialised in certain industries to compete and expand their businesses. Compare Australia with any other country.
Illustrate what was the growth rate of nominal GDP between 1996 also 1997. Why do economists use real GDP per capita to measure the economic progress.
A medical device company has a monopoly on a certain class of cardiac implants. Demand for the implants is given by P=28000-5Q and marginal revenue is given by MR=28000-10Q. The total fixed costs for the implants division is 50000 and the marginal co..
A nation's capital goods wear out over time, so a portion of its capital goods become unusable every year. Last year, its residents decided to produce no capital goods. Will the nation's economic growth rate for the current year be negative, zero, or..
A design engineer is responsible for an important sub element of a large project at a firm. The project has fallen behind schedule, and the important client is very angry and threatening to sue. The boss is expecting the engineer’s design review to g..
structure of the essayintroduction which topic 300 wordsbody- discuss the topic from your secondary research with
Use only IMF or World Bank data for international comparisons. What is U.S. nominal GDP at the end of 2014 (4th quarter)? What is U.S. real GDP at the end of 2014 (4th quarter)? What is the base year used in calculating U.S. real GDP? Since 1998, in ..
Modeling what is a Market. In modern usage, a commodity is anything of use that is available for purchase and sale in standardized form. Participants: Who trades with whom
Reliable packaging is a perfectly competitive firm. Its output is 20,000 units a day; its daily total revenue is $750,000; its average total cost is $37.50; and its average variable cost is $27.50. It is operating at the output level where average to..
q.the money demand as well as curve is given by the following equation md 5000 - 10000r 5y md is money demand as well
Investors in the JMJ Group purchased hotel resort in April. The group paid $25M for the building and the land. The land was appraised $5M. The group sold the resort 3 years later in August for $30M. The land was appraised then at $10M. If the income ..
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