Look back to the diagram of the monopolist on Eagle Island in Question 3. a. Suppose the
Question:
a. Suppose the monopolist is able to practise perfect price discrimination. What would be the total number of rounds of golf sold per week? What would be the price on the last round sold?
b. What is the area representing consumer surplus in the absence of any price discrimination?
c. What is the area representing consumer surplus when the monopolist is practising perfect price discrimination?
d. Could this monopolist realistically engage in perfect price discrimination? Describe a more likely form of price discrimination that this monopolist could achieve on Eagle Island.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
a With perfect price discrimination the monopolist would choose output where the demand curve inters...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Microeconomics
ISBN: 978-0321866349
14th canadian Edition
Authors: Christopher T.S. Ragan, Richard G Lipsey
Question Posted:
Students also viewed these Economics questions
-
Fernando has a monopoly on sales of pizzas in the small town of North Key Largo, Florida. Use the following information on the demand for Fernando's pizzas to answer the questions. Price Quantity...
-
The diagram below shows the demand, marginal cost, and marginal revenue curves for a monopolist. Redraw the diagram for yourself to be able to answer the following questions. a. If the monopolist...
-
Look back to the top-right panel of Figure. What proportion of Amazons returns was explained by market movements? What proportion of risk was diversifiable? How does the diversifiable risk show up in...
-
General Ledger Accounts Account: Cash Date Description Opening Balance Account: Date Petty Cash Description Opening Balance Account: Date Accounts Receivable Description Opening Balance Account: Date...
-
Professor Miguel Ramirez asks his students at Trinity College to respond to the following problem: "If LDCs cannot generate sufficient capital to engage in development, then perhaps the richer...
-
The corner convenience store (CCS) gets its cool drinks delivered by a wholesaler at CCS, light cola sells at a rate of 40 six-packs per day. The shop is open 250 days per year. a six pack of light...
-
What is it about postsale follow-up that makes it one of the most important ways to enhance long-term customer relationships? What specific things can you do in follow-up to accomplish this?
-
Do a SWOT analysis for Cliptomania. Identify Cliptomanias strengths, weaknesses, opportunities, and threats. Cliptomania, LLC, a limited liability corporation, sells clipon earrings on the Internet...
-
What is the price of a 5% fixed rate coupon bond, $100 par value, which has 8 years to maturity given a market discount rate of 5.353%?
-
Mr. Tom Silverman invests in stocks, bonds, mutual funds, and other financial assets. Tom knows that investing in stocks is risky and he has about $3MM dollars to invest. He would like to play it...
-
Consider each of the following examples in which a firm sells the same product to different customers at different prices. Identify in each case whether price discrimination is likely to be taking...
-
When selling its famous Levi 501 jeans, Levi Straus price discriminates between the European and American markets, selling the product at a higher price in Europe than in the United States. The...
-
Diamond Supply Company had the following transactions in Year 1: 1. Acquired $50,000 cash from the issue of common stock. 2. Purchased $120,000 of merchandise for cash in Year 1. 3. Sold merchandise...
-
A 2.0 kg mass is moving on a frictionless airtrack. It collides into a motionless 1.5 kg mass. What is the the combined speed in m/s of the two masses if they stick together on impact? m = 2.0 kg m =...
-
Find the net charge of a system consisting of 6.21106 electrons and 7.8710 protons. Express your answer in coulombs. View Available Hint(s) Qnet = Submit Part B t O ? C Find the net charge of a...
-
Assuming a wealthy couple had a simple 100% marital deduction plan when S1 died, explain how each of the following defers or reduce the estate tax for S2: (a) remarriage; (b) consumption; or (c)...
-
Three objects with masses m = 3.0 kg, m = 11 kg, and m3 = 17 kg, respectively, are attached by strings over frictionless pulleys as indicated in the figure below. The horizontal surface exerts a...
-
Explain different types of compression with differences between each of them with examples. Explain the difference between temporal and spatial compression. What is a codec? Explain its role in...
-
Silver Linings Ltd. commenced a mining operation in early 20X5. The company is required by the terms of provincial legislation to remediate the mine site when mining is completed, likely in five...
-
Using (1) or (2), find L(f) if f(t) if equals: t cos 4t
-
A VMT tax of 4.4 cents per mile would internalize the external cost from collisions on average, but the external cost varies with the age of the driver. As shown in Table, the external cost of young...
-
1. The optimal level of pollution abatement is the level at which the _________ of abatement equals the _________ of abatement. 2. The marginal cost of abatement typically _________...
-
1. The optimal level of pollution abatement is the level at which the _________ of abatement equals the _________ of abatement. 2. The marginal cost of abatement typically _________...
-
Develop an algorithm, in the form of a Raptor flowchart, to compute and display the amount of federal income tax to be paid when provided with the income as input. The Canadian Federal income tax...
-
The graph below shows the number of people who consume different numbers of lollipops per year. What is the median number of lollipops consumed? Number of People 3 27 24 21 18 15 12 96 Number of...
-
a) Simplify the expression. Express your answer with positive exponents. (4x6) (4) (2x)* (123) 2 b) In 2004, a sum of $1900 is invested at a rate of 3.75% per year (compound interest) for 12 years....
Study smarter with the SolutionInn App