A football club is the only one in its region and is therefore able to behave like a monopolist. It sells tickets to Adults (a) and Juniors (j), whose demand curves are given by:

Pa = 200 − Qa
Pj = 160 − Qj

Additionally, the club’s total costs are given by = 20Qi

The club hires an economist to consider its pricing strategy and receives the advice that it should charge different prices to each type of supporter. Find the prices it sets in both markets, the sales (output) in each and its overall level of profit and illustrate profit maximising outputs and prices of each consumer type on a graph (one graph for each type of consumer). Calculate consumer surplus in this case.

Answers

Answer 1

Answer:

  Adult market

price: 110sales: 9900profit: 8100consumer surplus: 9000

  Junior market

price: 90sales: 6300profit: 4900consumer surplus: 5600

  Total profit: 13000

  Total consumer surplus: 14600

Step-by-step explanation:

Given Adult (a) and Junior (j) demand equations Pa = 200 -Qa and Pj = 160 -Qj, and cost equation C = 20Q, you want to find the price in each market that maximizes profit, the sales in each market, and the consumer surplus, and a graph of profit-maximizing sales and prices.

Revenue

Each demand equation is of the form P = Pmax -Q, where P is the price that will result in sales of Q tickets. The revenue (R) in each case is the product of numbers of tickets sold (Q) and the price at which they are sold (P).

  R = QP = Q(Pmax -Q)

Profit

The profit is the difference between revenue and cost.

  Profit = R - C = Q(Pmax -Q) -20Q

  Profit = Q(Pmax -20 -Q)

Writing the demand equation in terms of P, we find ...

   Q = Pmax -P

Substituting this into the Profit equation gives ...

  Profit = (Pmax -P)(Pmax -20 -(Pmax -P))

  Profit = (Pmax -P)(P -20)

The profit function describes a downward-opening parabolic curve with zeros at P=Pmax and P=20. The maximum profit is on the line of symmetry of this curve, halfway between these values of P:

  Price for maximum profit = (Pmax +20)/2 = Pmax/2 +10

Prices

In the adult market, Pmax = 200, so the profit-maximizing ticket price is ...

  Pa = 200/2 +10 = 110 . . . . price for maximum profit in Adult market

In the Junior market, Pmax = 160, so the profit-maximizing ticket price is ...

  Pj = 160/2 +10 = 90 . . . . price for maximum profit in Junior market

Sales

Using the revenue equation, we find the sales in each market to be ...

  Qa = 200 -Pa = 200 -110 = 90

  Ra = Qa·Pa = 90(110) = 9900 . . . . sales in Adult market

  Qj = 160 -Pj = 160 -90 = 70

  Rj = Qj·Pj = 70(90) = 6300 . . . . sales in Junior market

Overall Profit

The profit in each market is ...

  Adult market profit = 90(110 -20) = 8100

  Junior market profit = 70(90 -20) = 4900

The overall profit will be the sum of the profits in each market:

  Overall profit = 8100 +4900 = 13000

Consumer surplus

The consumer surplus in each market is the area below the demand curve and above the price point. It is half the product of the maximum price and the quantity actually sold.

  CSa = (1/2)(200)Qa = 100(90) = 9000

  CSj = (1/2)(160)(Qj) = 80(70) = 5600

The total consumer surplus is ...

  CS = CSa +CSj = 9000 +5600 = 14,600 . . . . total consumer surplus

Graph

The first attachment shows the sales (output) in each market (red=Adult, purple=Junior) as a function of ticket price. It also shows the corresponding profit (orange=Adult, blue=Junior). The profit-maximizing price point is marked on each curve. You will note that it is different from the output-maximizing price point.

The second attachment illustrates the consumer surplus in each market. That graph has price on the vertical axis, and quantity on the horizontal axis. The colors correspond to the colors on the graph in the first attachment.

A Football Club Is The Only One In Its Region And Is Therefore Able To Behave Like A Monopolist. It Sells
A Football Club Is The Only One In Its Region And Is Therefore Able To Behave Like A Monopolist. It Sells

Related Questions

There are 5 new books and 6 used books on a shelf. (a) What is the ratio of used books to all books on the shelf?

Answers

6:11

If there are 6 used books and 11 total books, then there are 6 used books per 11 total books hence 6:11
6:11 you can easily look it up aswell if you don’t believe me

11 12 13
18
A local charity holds a carnival to raise money. In one
activity, participants make a $3 donation for a chance
to spin a wheel that has 10 spaces with the values, 0,
1, 2, 5, and 10. Whatever space it lands on, the
participant wins that value. Let X represent the value of
a random spin. The distribution is given in the table.
Value of a Spin
0
1
2
5
10
Probability
0.4 0.2
0.2
0.1
0.1
20
Which of the following is the correct interpretation of
P(X<5)?

Answers

The correct interpretation of the probability P(X < 5) is; 0.8

How to Solve Probability?

We are given the probability of the spin values are;

Probability of Spin Value of 0 = 0.4

Probability of Spin Value of 1 = 0.2

Probability of Spin Value of 2 = 0.2

Probability of Spin Value of 5 = 0.1

Probability of Spin Value of 10 = 0.1

P(X < 5) simply means the probability of getting a spin value less than 5. Thus;

P(X < 5) = P(0) + P(1) + P(2)

P(X < 5) = 0.4 + 0.2 + 0.2

P(X < 5) = 0.8

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please I need the answer

Answers

2nd one is the answer

Answer:

The answer is c

Step-by-step explanation:

one add the numbers 108 & 96=204

then add the numbers from c which is 30+30=60 43+43=86 29+29=58

then add 60+86+58 which will be 204 so c is the answer your welcome

come

Find the side of an equialateral triangle if it's area is 9√3 cm2​

Answers

Step-by-step explanation:

We know that the area of an equilateral triangle of side a cm is

[tex] \rm \: Equilateral \: Triangle = \cfrac{ \sqrt{3} }{4} {a}^{2} \: cm[/tex]

Let a cm here be 9√3 then we could get our solution.

[tex] \rm\implies \rm 9 \sqrt{3} = \cfrac{ \sqrt{3} }{4} \: a {}^{2} [/tex]

[tex] \implies \rm \: \cfrac{ \sqrt{3} }{4} {a}^{2} = 9 \sqrt{3} [/tex]

[tex] \implies \rm \: a {}^{2} = 36[/tex]

[tex] \implies \rm \: a = \sqrt{36} = \sqrt{6 \times 6} [/tex]

[tex] \implies \rm \: a = 6 \: cm[/tex]

Thus, the side of the equilateral triangle is 6 cm.

Two lines are intersecting. What is the value of x?

Answers

Answer:

The correct answer is x = 51.

Step-by-step explanation:

We have been given an image of two intersecting lines. We are asked to find the value of x.

We can see that both angles are supplementary (adding up to 180 degrees), so we can set an equation as:

x + 23 + 2x + 4 = 180

x + 2x + 4 + 23 = 180

3x + 27 = 180

3x + 27 - 27 + 180 - 27

3x = 153

3x/3 = 153/3

x = 51

Therefore, the value of x is 51.

Hope this helps:) Goodluck!

Answer:

Step-by-step explanation:

2x + 4 + x + 23 = 180

3x + 27 = 180

3x = 153

x = 51

A graph shows the number of texts, numbered 10 to 100, on the x-axis, and the total cost in dollars, numbered 3 to 27, on the y-axis. A straight red line with a positive slope, labeled Emilia, begins at (0, 10), and a straight blue line with a positive slope, labeled Hiroto, begins at (0, 20). Both lines intersect at point (50, 22.5).
Hiroto’s texting plan costs $20 per month, plus $0.05 per text message that is sent or received. Emilia’s plan costs $10 per month and $0.25 per text. Using the graph below, which statement is true?

Hiroto’s plan costs more than Emilia’s plan when more than 50 texts are sent.
Both plans cost the same when 22 texts are sent.
Emilia’s plan costs more than Hiroto’s plan when more than 22 texts are sent.
Both plans cost the same when 50 texts are sen

Answers

Answer: Both plans cost the same when 50 texts are sent.

Step-by-step explanation:

When x=50 (meaning 50 texts are sent), the y coordinate (which represents the cost) is the same.

Find the value of x.
33°
107°
x

Answers

Answer:

140

Step-by-step explanation:

Angles in a triangle add up 180 :

180 = 107 + 33 + y

y = 180 - (107+33)

y = 180 - 140

y = 40

Angles on a straight line add up to 180 so :

180 = x + y

180 = x + 40

x= 180 - 40

x = 140

Hope this helped and have a good day

Answer:

x = 140°

Step-by-step explanation:

Concepts

The Exterior Angle Theorem states that the two remote angles in a triangle is equal to the exterior angle.

Application

In this case, the two remotes angles are 107 and 33°, and the exterior angle is x. Now, all we have to do is just add 107 and 33 to get our answer.

Solution

107 + 33140°

The load requirement in your plan is 60 psf at a joist spacing of 16 inches . If the room dimensions are length 13 feet 2 inches and width 11feet 7 inches are 2 by 10 boards appropriate

Answers

The correct answer is; No, because the 2 x 10 boards can support neither the width nor length of the room.

How to find the dimensions?

We are given;

Load requirement = 60 psf

Joist Spacing = 16 inches

Length of room; 13 feet 2 inches

Width of room; 11 feet 7 inches.

Since we want to consider whether 2 by 10 boards are appropriate, this  length of  2 by 10 will not be appropriate because it cannot cover up for a room with dimensions of 13 feet 2 inches and 11 feet 7 inches.

Thus, we can conclude that No, because the 2 x 10 boards can support neither the width nor length of the room.

The missing options are;

A. Yes, because 2 x 10 boards can support the width and length of the room

B. Yes, because 2 x 10 boards support the 70 psf

C. No, because 2 x 10 boards can support only the width of the room

D. No, because the 2 x 10 boards can support neither the width nor length of the room

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Please please help please please help me please please help please please help me please please help please please help me please please help please please help me please please help please please help me please

Answers

Answer: 2+2= DA ROCK

Step-by-step explanation:

SCAM..... ITS ABOUT DRIVE ITS ABOUT POWER WE STAY HUNGRY WE DEVOURE PUT IN THE WORK PUT IN THE HOUR AND TAKE WHATS OURSSSSSSSSSSSSSSSSSSSSS


YEHHHHHHHH

Design an instructional activity that could help learners recognise that decimal
fractions can be applied across environmental situations (relating to activities
in real life).

Answers

Fraction refers to a part of a whole; e.g when cup is not completely filled, it covers only a part of the cup

What is fraction?

The term fraction refers to a part of a whole. To design an instructional activity that  could help learners recognize that decimal fractions can be applied across environmental situations, we could look at certain things in the house.

For instance, when cup is not completely filled, it contains water that covers only an fraction of the cup. Also, we could boil a part and not a whole cup of rice. These are all examples of fractions.

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What is the length of a diagonal of a square with a side length of 8?
A. 4
B. 42
C. 4√3
D. 8√√2

Answers

The answer is B because it’s multiplying 4 x 2 which is equal to 8.

What is the surface area of the rectangular prism
represented by the net shown?
6 in.
1.5 in.
1.5.in.

Answers

#2

The shape can be cut into four rectangles and two squares.

Total surface area:

⇒ four rectangles + two squares

⇒ 4(Length × Width) + 2(side × side)

⇒ 4(6 × 1.5) + 2(1.5 × 1.5)

⇒ 36 + 4.5

⇒ 40.5 inch²

Therefore, the surface area of the rectangular prism is 40.5 inch²

#3

The polygons that would be used in this net surface area are:

rectangle

✔ square

Answer:

40.5 in²

Step-by-step explanation:

Formula applied :

Surface Area (rectangular prism)

⇒ 2(Length × Width + Width × Height + Length × Height)

=============================================================

Given :

⇒ Length = 6 inches

⇒ Width = 1.5 inches

⇒ Height = 1.5 inches

============================================================

Solving :

⇒ Surface Area = 2(6 × 1.5 + 1.5 × 1.5 + 6 × 1.5)

⇒ Surface Area = 2(9 + 2.25 + 9)

⇒ Surface Area = 2 × 20.25

⇒ Surface Area = 40.5 in²

He was, without a doubt, the most prolific writer of mathematics of all time. Euler is credited as being the first mathematician to define function in the way we currently think of functions. In his book, Introductio in analysin infinitoriumin, he stated, “A function of a variable quantity is an analytic expression composed in any way whatsoever of the variable quantity and numbers or constant quantities.”

Based on what we know a function to be today, what did Euler mean by an analytic expression?

an expression formed with many variables and no numbers
an expression formed with many numbers and no variables
an expression formed from operations such as addition, multiplication, powers, and roots
an expression formed using only multiplication of a variable and a number

Answers

Based on what we know a function to be today, Euler mean an analytic expression "an expression formed from operations such as addition, multiplication, powers, and roots"

Euler's definition of a function

According to Euler, a function of a variable quantity is an analytic expression composed in any way whatsoever of the variable quantity and numbers or constant quantities.”

The function is. combination of expression which includes variables and constants using various operations such as roots, power and multiplication.

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Find the area of a regular polygon with 7 sides that has a perimeter of 63 inches and an apothem of 8 inches.

Area = [?]in2

Answers

Answer:

see the attachment photo!

Given that the line y=ax+b passes through the points A(0; 3) and B(-2;7), how do I find the values of a and b?

Answers

First you have find the slope (a) in order to find the value of the y intercept (b).

To compute the slope, you simply have to find the difference of y coordinates and divide them by the difference of x coordinates:

a = (y2-y1)/(x2-x1)
a = (7-3)/(-2–0)
a = 4/-2
a = -2

To compute the y intercept denoted by b, we substitute the value of a with -2 in the formula and choose any point (x,y) and substitute their values in the formula as well. Like so:

I choose point A:

3 = (-2)(0) + b
3 = b

Living on less than what you make means not

Answers

Answer:

living beyond your means.

Step-by-step explanation:

Pay for what you need and don't go into debt.

Determine the value of y.

135°


27°


24°



45°

Answers

The answer is 27, hope this helps

Please help me with my math

Answers

the answer to this is A ! trust

The radius of a semicircle is 5 centimetres. What is the semicircle's diameter?

Answers

The diameter [tex]d = 2r[/tex], where [tex]r[/tex] is the radius. Thus, [tex]d = 2 \times r = 2 \times 5 = 10cm[/tex]

200 people are asked about three brands of beverages Coffee, Tea and Chocolate. 36 like
Coffee only, 46 like Coffee but not Tea, 52 like Coffee, 16 like Tea and Chocolate, 96 like
Chocolate, 16 like Coffee and Chocolate while a total of 108 like one and only one of the
beverages.
Required
i) Calculate the number of people like black coffee?
ii) How many people don’t like any of the drinks?

Answers

Answer:

32

Step-by-step explanation:

Answer:

  i) 52

  ii) 66

Step-by-step explanation:

This sort of problem is usually solved using some sort of table or Venn diagram. We have used a table in the attachment such that each of the cells in the grid represents one of the 8 possible combinations of coffee, tea, or chocolate.

The numbers in black are given directly by the problem statement. The numbers in blue are calculated from the numbers in black and one of the other given numbers in the problem statement. The numbers in red are calculated so the totals work out correctly.

The cells shaded blue-gray are "one and only one" of the drinks. The cell shaded purple-gray is "don't like any".

__

i) black coffee

We assume that any form of "coffee" is "black coffee." The problem statement tells us 52 people like coffee.

__

ii) none

The last number we calculated is the number who like none of the drinks: 66. This brings the total of non-coffee drinkers to 148.

_____

Additional comment

As noted above, the colors more or less indicate the order of the calculations. We started with 36 who like coffee only, and 46 who like coffee and not tea. That means 46-36=10 like coffee and chocolate, but not tea.

Since 16 like coffee and chocolate, that leaves 16-10=6 who like coffee and tea and chocolate (all three).

96 like chocolate, but 16 of those like chocolate and tea. The other 80 like chocolate, but not tea.

46+16=52, so there must be 0 who like coffee and tea, but not chocolate.

The number who like only one is 108. We already have 36 that are coffee only, 80-10 = 70 that are chocolate only, so there must be 108 -70 -36 = 2 who like tea only.

Now, we can finish filling the top row of the table and the totals in the bottom row.

A candidate for office plans to visit 6 cities before the state primary.

How many different ways can the campaign staff arrange her travel route?

Enter your answer as a whole number, like this: 42

Question 2
A candidate for office plans to visit 6 cities before the state primary.

How many different ways can the campaign staff arrange her travel route?

Enter your answer as a whole number, like this: 42

Answers

There are 720 different ways the campaign staff can arrange her travel route

How to determine the number of route?

The given parameter is:

Cities = 6

The candidate cannot be at all 6 cities at the same time.

This means that we make use of factorial.

So, we  have:

Ways = 6!

Evaluate the factorial expression

Ways = 720

Hence, there are 720 different ways the campaign staff can arrange her travel route

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What is the future value of a 5-year annuity due with annual payments of $ 2,535 , evaluated at a 14.18 percent interest rate? Enter your answer to the nearest $.01. Do not use $ or , signs in your answer. Enter your answer as a positive number.

Answers

Answer:

  $19,201.09

Step-by-step explanation:

The future value of the annuity due can be found using any of a number of apps, calculators, or spreadsheets. It can also be found using the formula ...

  A = P(1 +r)((1 +r)^n -1)/r

where P is the annual payment, r is the annual interest rate, and compounding is yearly for n years.

  A = 2535(1.1418)(1.1418^5 -1)/0.1418 ≈ 19,201.09

The value will be $19,201.09.

If a multiple-choice test consists of 5 questions, each with 4 possible answers of which only 1 is correct, (a) in how many different ways can a student check off one answer to each question?
(b) in how many ways can a student check off one answer to each question and get all the answers wrong?

Answers

Answer:

  (a)  1024 ways

  (b)  243 ways

Step-by-step explanation:

When answers are independent, the total number of ways all questions can be answered is the product of the number of ways each question can be answered.

__

(a)

The first question can have one answer 4 ways. The second question can be answered 4 ways for each of the ways the first question was answered. That is, the two questions can be answered 4×4 = 16 ways. Similarly, each additional question multiplies the number of ways the questions can be answered by 4.

The 5 questions can be answered 4×4×4×4×4 = 4^5 = 1024 ways.

__

(b)

There are 3 ways to answer the first question incorrectly. Each additional question can be answered incorrectly 3 ways for each of the ways previous questions were answered. The total number of ways all questions can be answered incorrectly is ...

  3^5 = 243

A student can answer all questions wrong in 243 different ways.

the perpendicular distance of a point from the x-axis is 4 units and the perpendicular distance from the y axis is 5 units write the coordinates of such a point if it lies in the first quadrant second quadrant third quadrant and fourth quadrant​

Answers

Step-by-step explanation:

let p be the point which is at a distance of 4 units from the x-axis and at a distance of 5 units from the y axis

(i) When P lies in the first quadrant then the coordinates of P are (5,4).

(ii) When of P lies in the second quadrant then the coordinates of P are (-5,4).

(iii) When P lies in the third quadrant then the coordinates of P are (-5,-4).

(iv) When P lies in the fourth quadrant then the coordinates of P are (5,-4).

Hope it helps you!!

Known as periodic reports, interim reports or interim statements, these updates provide important company information between annual reporting periods. To help protect investors and keep the public informed, regulations typically require public companies to submit company performance reports more than once a year.Known as periodic reports, interim reports or interim statements, these updates provide important company information between annual reporting periods. To help protect investors and keep the public informed, regulations typically require public companies to submit company performance reports more than once a year.

Which of the following equations is equivalent to S=pi r^2 h

Answers

The equation that is equivalent to S=pi r^2 h is h = S/pir^2

Subject of formula

This is a way of representing a variable with another. Given the equation

S=pi r^2 h

We are to make 'h" the subject of the formula.

Divide both sides by pir^2

S/pir^2 =pi r^2 h/pir^2

h = S/pir^2

Hence the equation that is equivalent to S=pi r^2 h is h = S/pir^2

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need help with this math

Answers

Answer:

x = -12

y = 10

(x, y) = (-12, 10)

Step-by-step explanation:

9 cm
6 cm
8 cm
12. Some high school students made a rectangular prism-shaped box, shown in the figure, to
will be available. Find the volume of the rectangular prism.
OA. 432 cm³
O B. 348 cm³
O C. 729 cm³
O D. 512 cm³
O Mark for review (Will be highlighted on the review page)

Answers

Answer:

A

Step-by-step explanation:

the answer is A because I said its C :)

Jen wants to save money for the future. Jen invests $1,100 in an account that pays interest rate of 4%.
How many years will it take for the account to reach $2,900? Round your answer to the nearest hundredth.

Answers

The number of years it will take for the money to be $2900 is 40.91 years

How to find the years the money will accrue to 2900 dollars?

Using simple interest formula,

I = prt / 100

we are looking for t

where

p = principalr = ratet = timeI = simple interest

Therefore,

I = 2900 - 1100 = 1800

1800 = 1100 × 4 × t / 100

cross multiply

180000 = 4400t

t = 180000 / 4400

t = 40.9090909091

t = 40.91 years

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Reese, Greg, and Brad meet once a week for coffee. They each have their favorite café and, to be fair, they use
randomization to choose where they will meet. Each person has a colored marble: red (R) for Reese, green (G) for
Greg, and blue (B) for Brad. Each week, all three marbles are mixed well in a bag and a marble is selected. The
favorite café of the person associated with the selected marble is chosen for that week's meeting. Which of the
following represents the sample space for choosing a café for the first two weeks?
OR & G, R & B, G & R, G & B, B &R, B & G
OR&R, R&G, R & B, G & G, G & B, B & B
R&R, R&G, R & B, G & R, G & G, G & B, B &R, B&G, B & B
R&R, R&G, R & B, R & G, G&R, G & G, G & B, B &R, B & G, B & B
OO

Answers

All the samples are given as {R&R, R&G, R&B, G&R, G&G, G&B, B&R, B&G, B&B}.

What are sample?

A sample is a group of clearly specified components. The number of items in a finite sample is denoted by a curly bracket.

Reese, Greg, and Brad meet once a week for coffee.

They each have their favorite café and, to be fair, they use randomization to choose where they will meet.

Each person has a colored marble: red (R) for Reese, green (G) for Greg, and blue (B) for Brad.

Each week, all three marbles are mixed well in a bag and a marble is selected.

The favorite café of the person associated with the selected marble is selected for that week's meeting.

Then the total number of the outcomes will be

Total outcomes = 3 × 3

Total outcomes = 9

All the samples are given below.

{R&R, R&G, R&B, G&R, G&G, G&B, B&R, B&G, B&B}

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A recipe for trail mix calls for 234
2
3
4
cups of peanuts, 123
1
2
3
cups of cashews, and 116
1
1
6
cups of almonds.
How many cups of nuts are used in all?

Answers

It would be three nuts
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