Uber charges a price per mile of $4. they are considering a game day surge price strategy.

Fantastic news! We've Found the answer you've been seeking!

Question:

Estimated demand functions : Group 1 rides before game Q1=500-100P1 Group 2 riders after the game Q2=1000-100P2

Ubers marginal cost per mile is $1.

3rd degree price dissemination strategy:

1. what is the profit maximizing price to charge for before game rides?

2. what is uber's profit for before game rides?

3. what is the profit maximizing price to charge for after game rides?

4. what is ubers prfit for after game rides?

5. Do you think it is a good idea for uber to implement a 3rd degree price discrimination strategy?

Related Book For answer-question

Business Ethics A Stakeholder And Issues Management Approach

ISBN: 9781523091546

7th Edition

Authors: Joseph W. Weiss

See More Books

Posted Date: Mar 20, 2024 01:06 PM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...
It was 5:30 Friday afternoon, January 22, 2016. Bill Hall, the chairman and CEO of National Brands Inc. was clearing up the last of the papers on his desk and was looking forward to a relaxing...
Use the information in Exercise 2-16 to prepare an August 31 balance sheet for Help Today. Hint: Compute the ownerscapital account balance as of August 31. Data from Exercise 2-16 Carmen Camry...
On September 30, Google Party Planners had a $40,000 balance in Accounts Receivable and a $3,000 credit balance in Allowance for Uncollectible Accounts. During October, Google made credit sales of...
Evaluate each of the following. (4 3 - 2) 2 + (4-3 2 2 )
Larry Riley formed a rental agreement for a self-storage unit with Iron Gate Self Storage in December 2003. The agreement stated that a maximum of $$5,000$ of personal property could be stored in...
Almas Recording Studio rents studio time to musicians in 2-hour blocks. Each session includes the use of the studio facilities, a digital recording of the performance, and a professional music...
1. A car has tires that have an outer diameter of 31 inches. If the wheels are turning with an angular velocity of 12 rad/s, how far in miles will the car travel in 2 hours? Enter your result rounded...
Commercial Property Insurance 1. Identify the causes of loss that are covered under the following forms: Causes-of-loss basic form a. b. C. a. 2. Briefly describe the following commercial property...
1) How is non-volatile memory different in an embedded system and a desktop system? 2) What are the differences between embedded systems and desktop systems? 3) What are the advantages of various...
Is the big-box store practicing illegal price competition? Explain your answer. If it is, what federal act is it violating? If the big-box store is not practicing illegal price competition, how can...
Synopsis In November 1999, ExxonMobil and its CEO Lee Raymond had to determine what course of action to take after two major partners, Royal Dutch/Shell and Frances TotalFinaElf, withdrew from the...
What lessons can be drawn from comparative analyses of developmental trajectories across different advanced nations, highlighting variations in institutional arrangements, governance models, and...
City Manager executive summaries from each of the three budgets from the City of Seattle, WA and Address what you believe to be the message communicated with each of those three executive summaries....
A small 0.90-kg box is launched from rest by a horizontal spring as shown in the figure below. The block slides on a track down a hill and comes to rest at a distance d from the base of the hill....
What are the principal differences among asset liquidity management, liability management, and balanced liquidity management?
What are some of the problems characteristic of cultural relativism? Offer an example in the news of a company that has acted unethically according to the perspective of cultural relativism.
Refer to Figure 1.1 to identify how the Covid-19 virus has affected the other specific environments in which you live, study, and work. Explain how these influences, pressures, and opportunities...
A large company has invited you to join in a discussion with its legal and human resources officers about integrating ethics, diversity, equity, and inclusion into and between their departments. They...
Consider the control system in Example 10.2. Build a Simulink block diagram to simulate reference tracking control, in which the signal $R(s)$ is a sine wave with a magnitude of $0.1 \mathrm{~m}$...
A control system is represented using the block diagram shown in Figure 10.60, in which the parameter $a$ is subjected to variations. Sketch the root locus with respect to the parameter $a$....
A Figure 10.61 shows the root locus of a unity negative feedback control system, where $K$ is the proportional control gain. a. Determine the transfer function of the plant. Use MATLAB to plot the...

Uber charges a price per mile of $4. they are considering a game day surge price strategy.

Question:

Expert Answer:

Business Ethics A Stakeholder And Issues Management Approach

Students also viewed these economics questions