What is the price per pair in the brand-name market

Assignment Help Business Economics
Reference no: EM133067296

A producer of athletic shoes produces all of its basketball shoes at a constant marginal cost of $50 per pair. It sells a brand-name version of the shoe with a basketball star endorsement to one market (A) and an identical "discount" brand version to another separate market (B). The demand for the shoes in each market is given by:

QA = 100 - 0.2p

QB = 40 - 0.4p

-What is the price per pair in the brand-name market (A) dollar?

-What is the price per pair in the discount market (B) dollar?

Reference no: EM133067296

Questions Cloud

Provide economic intuition for the direction : Provide economic intuition for the direction of the change in each of the variables in Row 1-5 of Table 2 in moving from Column 2 to Column 3.
Most frequently imported products : What are the two most frequently imported products or services and what countries provide those products or services?
Integration of economic theory : "Managerial Economics is the integration of economic theory and other decision sciences with business practice for the purpose of facilitating decision - making
Compute the standard pay rate : Standard hours = 11,000; Actual hours = 10,000. Austin's direct labor price variance = $5,000 Favorable (Good thing). Compute the standard pay rate
What is the price per pair in the brand-name market : A producer of athletic shoes produces all of its basketball shoes at a constant marginal cost of $50 per pair. It sells a brand-name version of the shoe with a
Fuel for growth and development : The human body requires fuel for growth and development. Macro and micronutrients are essential fuels for maintaining a healthy diet. There are a number of peop
Compute the change in income between the actual results : DeNapoli Ltd. provides the following information: Compute the change in income between the actual results and the company's flexible budget
Assess the potential benefits to organisation : (1) Assess the potential benefits to your organisation of different types of economic co-operation and preferential trade arrangements. Is required to use examp
Prepare a CV for Finance and Accounts Analyst : Prepare a CV for Finance and Accounts Analyst - Work experience at Stoke Park as house keeper and then made the final closing stoke inventory of over 3000 items

Reviews

Write a Review

Business Economics Questions & Answers

  Concerning optimism and certainty affect aggregate demand

Explain what you think the headline "U.S. consumer spending up 0.4 percent in January while income increased 0.3 percent" means. For paragraph b), explain how the NBC Learn clip concerning optimism and certainty affect aggregate demand and hence, con..

  How does the taxation change

Demonstrate graphically the cost of income taxation of 30% to consumers and producers for an income of $27,908 and how does the taxation change if the income was $220,874?

  Suppose you make equal quarterly deposit

Suppose you make equal quarterly deposit of $2,500 into a fund that pays interest at a rate of 8% per year compounded monthly. Find the balance at the end of year 2. Please provide formula or excel function?

  Leaflets freeze are approximately normally distributed

Based on this histogram, is it reasonable to assume that the temperatures at which bean leaflets freeze are approximately normally distributed?

  Make up a numerical example to illustrate

Use the Law of Demand to explain why all consumers must receive a surplus whenever they purchase more than one unit of a product

  Horizontal axis and exclusion cost on vertical axis

Plot the goods in a graph with realness on the horizontal axis and (relative) exclusion cost on the vertical axis. (1) 1000 pounds of compacted scrap steel; (2) 1/2 ton of compacted scrap steel; (3) a mahogany tree in an inaccessible Central American..

  Type of utilitarian perspective

We do not always think before we react to a situation, and this situation really shows how the utilitarian approach is deep inside of us.

  Considering construction of flood control dike

A state government is considering construction of a flood control dike having a life span of 12 years. History indicates that a flood occurs every 4 years, on average, and causes $500,000 in damages on each occasion. If the state uses a MARR of 12% p..

  Marxian analysis of capitalism supports this criticism

Explain how the basic Marxian analysis of capitalism supports this criticism.

  Evaluate the organizations current compensation philosophy

Evaluate the organization’s current compensation philosophy and propose ways to enhance or revamp the current compensation philosophy to meet the changing needs of the organization and its employees.

  Comparative statics in solows model

Explain how the following events affect output, capital and consumption per unit of labor in the long run and along the transition according to Solow's Model: The destruction of 30% of the capital stock because of a natural disaster. A permanent incr..

  Types of students rural areas and urban areas

Suppose two types of students, those from rural areas and those from urban areas, apply to college. There are only two types of performances, excellent and poor. It has been found that a higher percentage of urban students perform poorly than rural s..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd