Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question 1. The pricing model for iTunes has been to price songs individually. Instead, Spotify opted to offer unlimited song playing for a monthly fee. Would Spotify's pricing model likely yield more profit than pricing songs individually? Explain your answer.
Question 2. Suppose a golf course manager is considering using the two-part pricing to charge identical consumers. Each consumer needs to become a member first. There is also a unit price for using the golf course. Suppose the demand curve of a customer is P = 60 - Q, where Q is the number of times that a customer will use the golf course. The marginal cost is a constant $20. There is no fixed cost. This implies that the total cost function is TC = 20Q, and ATC = $20. The goal of the manager is to maximize the sum of the membership fee and the profit per customer, where profit = (P - ATC)xQ.
Question 2.1 How much should the manager charge a consumer in terms of the membership fee and the unit price? How much is the sum of the membership fee and profit per customer? Justify your answers.
Question 2.2 The goal of the manager remains the same, but the manager is considering charging identical customers a higher membership fee for unlimited visits. In that case, what will be the sum of the membership fee and the profit per customer? Do you think it is a good idea compared to Question 2.1? (You must show calculation.)
in 2012 a baseball player signed a contract reported to be worth 89.8 million. the contract was to be paid as 13.2
What is the equilibrium price? What is the equilibrium quantity? What is the price elasticity of demand at the equilibrium price?
a. suppose your local congress representative suggests that the federal government should not intervene in the
Identify the market structure that best characterizes the industry described in the article. Identify the market structure for this industry.
Reducing taxes increases the amount of available cash that consumers can use to purchase goods and services. The more cash consumers have, the more purchases they are likely make. As consumers in a country increase spending, it directly increases ..
What's the rule: Monopolists charge a higher markup when customers have many good substitutes or when they have few good substitutes?
Assume the U.S. government increases trade barriers on Japanese cars coming into the United States. What impact would this have on the American car market and the Japanese car market?
Present the BIMS situation as an overview-problem, purpose, research questions, and hypotheses and describe the instrument used for data collection.
Write a short report explaining what you learned about a letter of credit. Write this report as though you were presenting your findings to your boss.
An investment opportunity will pay $10 with a 20% probability, $20 with a 40% probability, $30 with a 30% probability, and $40 with a 10% probability. what is the standard deviation of the investment?
Calculate the quota's redistributive effect
Macropoland is currently experiencing a recession--consumption and investment are very sluggish, and unemployment is quite high at 9%.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd