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

a puppy weighs 1 pound. what does the puppy weigh after 4 weeks​

Answers

i think it would be around 7 lbs
(i could be wrong but i think this is about right)

13 × (11 + 11) - (4 × 17) - 6 = X​

Answers

Answer: 212

Step-by-step explanation:

13 * 22 - 68 - 6 = X

286 - 68 - 6 = X

286 - 74 = X

X = 212

MEAN, MEDIAN AND MODE OF GROUPED DATA

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See the attached files!!!!

23.4571 to the nearest 10

Answers

23.4571 to the nearest 10

asnwer: 23.5

Zahid started the construction of an equilateral triangle inscribed in a circle. Which segments need to be drawn to create the triangle?


To finish his construction, Zahid needs to draw segments df ,
, and
.

Answers

The rule for construction of Inscribed equilateral triangle

Draw 6 marks as per the picture.Then join one with next alternative leaving second .

Means if marks are from 1 to 6 then

133551

Or

244662

Now

Here the rest two segments are

DFBFBD

Answer:

FB and DB

Step-by-step explanation:

got it right on the test

Solve the system of equations
−5x−3y=−28 and x+2y=0 by combining the equations

Answers

Answer: (8, -4)

Step-by-step explanation:

-5x - 3y = -28
  x + 2y = 0

1. Multiply both sides of the bottom system by 5 to cancel the x out

   5(x+2y=0)

   5x + 10y = 0

2. rewrite

   -5x - 3y = -28

    5x + 10y = 0

3. add

   0x + 7y = -28

4. divide by 7

   7y = -28

5. y = -4

6. plug in -4 for y in one of the original equations

   x + 2(-4) = 0

7. simplify

   x = 8

9. solution is

   (8, -4)

please help me Im almost done​

Answers

Answer:

[tex]\mathsf {x = 76}[/tex]

Step-by-step explanation:

The given pair of angles lie on a line, hence they are classified as linear angles. They possess the property by which their sum is equal to 180°.

[tex]\textsf {Solving :}[/tex]

[tex]\implies \mathsf {x + 17 + 87 = 180}[/tex]

[tex]\implies \mathsf {x + 104 = 180}[/tex]

[tex]\implies \mathsf {x = 180 - 104}[/tex]

[tex]\implies \mathsf {x = 76}[/tex]

Simplify the following
(3a 2b ×2a 6b)

Answers

Answer:

3a 2b ×2a 6b = 72a²b² = 72× (ab)²

Step-by-step explanation:

3a 2b ×2a 6b = (3 × 2)×(a × b) × (2 × 6)×(a × b)   [commutative property]

                      = (6×ab) × (12×ab)  [associative property]

                      = (6×12) × (ab×ab)  [commutative + associative]

                      = (72) × (ab)²

                      = 72× (ab)²

                      = 72a²b²  [exponent property]

Suppose the scores of seven members of a women’s golf team are 68, 62, 60, 64, 70, 66, and 72. Find the mean, median, and midrange.
a.
Mean = 64, median = 64, midrange = 64
b.
Mean = 65, median = 64, midrange = 66
c.
Mean = 66, median = 77, midrange = 65
d.
Mean = 66, median = 66, midrange = 66


Please select the best answer from the choices provided

A
B
C
D

Answers

The mean, median, and midrange of the given that are 66, 66 and 66 respectively.

Option D) Mean = 66, median = 66, midrange = 66 is the correct answer.

What is the mean, median, and midrange?

Mean is the sum total of the number divided by number of terms

Median is the middle number when arranged in ascending or descending order.

Midrange is the average of the sum of the maximum number and the minimum number.

Given that;

Data set: 68, 62, 60, 64, 70, 66, and 72n = 7

First, we arrange in ascending order.

60, 62. 64, 66, 68, 70, 72

Mean = ( 60 + 62 + 64 + 66 + 68 + 70 + 72 ) / 7

Mean = 462 / 7

Mean = 66

Median = 66

66 is the middle number.

Range = ( Max + Min ) / 2

Range = ( 72 + 60 ) / 2

Range = 132 / 2

Range = 66

Therefore, the mean, median, and midrange of the given that are 66, 66 and 66 respectively.

Option D) Mean = 66, median = 66, midrange = 66 is the correct answer.

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Suppose Z follows the standard normal distribution. Use the calculator provided, or this table, to determine the value of c so that the
following is true.
P(-C≤Z≤c)=0.9715
Carry your intermediate computations to at least four decimal places. Round your answer to two decimal places.

Answers

Using the normal distribution, considering it's symmetry, it is found that the value of C is of 2.19.

Normal Probability Distribution

The z-score of a measure X of a normally distributed variable with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex] is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The z-score measures how many standard deviations the measure is above or below the mean. Looking at the z-score table, the p-value associated with this z-score is found, which is the percentile of X.

The standard normal distribution has mean and standard deviation given, respectively, by:

[tex]\mu = 0, \sigma = 1[/tex].

Hence, considering the symmetry of the normal distribution, the value of c is Z with a p-value of (1 + 0.9715)/2 = 0.98575, hence c = Z = 2.19.

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how to find the length of sides using pythagorean theorem​

Answers

Answer:

Pythagorean theorem is mainly used for finding the length of the third side of a right angled triangle if the lengths of other two sides are known.

For this, it is more useful if the theorem is stated in terms of the length of the sides of the triangle.

Consider a right angled triangle with sides of lengths p,b and h, where p,b and h are the lengths of perpendicular,base and hypotenuse respectively.

Draw squares on each of these sides.These squares have areas p²,b² and h².

For any right angled triangle with sides of length p,b and h;

[tex] \: \: \: \: \: \: \: {h}^{2} = {p}^{2} + {b}^{2} ....................(i)[/tex]

[tex] \therefore \: h = \sqrt{ {p}^{2} + {b}^{2} } [/tex]

From (i); p²=h²-b²

[tex] \therefore \: p = \sqrt{ {h}^{2} - {b}^{2} } [/tex]

Similarly,

[tex]b = \sqrt{ {h}^{2} - {p}^{2} } [/tex]

Step-by-step explanation:

[tex] \blue{ \frak{seolle_{aphr.odite} }}[/tex]

A bicycle company is designing women's bicycle frames The frames can accommodate any woman taller than 54.5 inches. Given that the heights of adult American women are normally distributed, with a mean of 65 inches and a standard deviation of 3.5 inches, what percentage of American women CANNOT use the bicycles designed by this company?​

Answers

Using the normal distribution, it is found that 0.13% of American women CANNOT use the bicycles designed by this company.

Normal Probability Distribution

The z-score of a measure X of a normally distributed variable with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex] is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The z-score measures how many standard deviations the measure is above or below the mean. Looking at the z-score table, the p-value associated with this z-score is found, which is the percentile of X.

The mean and the standard deviation are given, respectively, by:

[tex]\mu = 65, \sigma = 3.5[/tex]

The proportion of women that cannot use the bikes(smaller than 54.5 inches) is the p-value of Z when X = 54.5, hence:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{54.5 - 65}{3.5}[/tex]

Z = -3

Z = -3 has a p-value of 0.0013.

0.0013 = 0.13% of American women CANNOT use the bicycles designed by this company.

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Samples of size n = 60 are randomly selected from the population of numbers (0 through 9) produced by a random-number generator, and the mean is taken for each sample. What is the distribution of the sample means?

Answers

The distribution of the sample means when the samples of size n = 60 are randomly selected from the population is normal (approximately).

How is the sample explained?

Calculating the sample mean is as simple as adding up the number of items in a sample set and then dividing that sum by the number of items in the sample set.

Here, the distribution of the sample means when the samples of size n = 60 are randomly selected from the population is normal (approximately).

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If a hot air balloon pilot inflates the balloon at an average wind speed of about 5 miles per hour with an altitude of 35,000 feet, how fast will the radius of the balloon increase as it goes up higher and higher performing certain tricks? Using the differentiation formula applicable for this situation, estimate the speed of inflation and the speed of landing. Will this be able to help the pilot still perform other tricks before making a colorful landing? Give at least two comprehensible reasons and explain your answer.​

Answers

700 is not to 100%sure

The speed of landing is 15.69 ft/sec.

What is differentiation ?

"Differentiation, in mathematics, process of finding the derivative, or rate of change, of a function. In contrast to the abstract nature of the theory behind it, the practical technique of differentiation can be carried out by purely algebraic manipulations, using three basic derivatives, four rules of operation, and a knowledge of how to manipulate functions.    

The three basic derivatives (D) are: (1) for algebraic functions, D(xn) = nxn − 1, in which n is any real number; (2) for trigonometric functions, D(sin x) = cos x and D(cos x) = −sin x; and (3) for exponential functions, D(ex) = ex."

Let the length of the rope = r

Height of the balloon = h

we are given dr/dt = 15ft/sec

at any time t we know:

[tex]r = 125 + 15*t[/tex]

By the Pythagoras theorem we know:

[tex]h^2 + 125^2 = r^2[/tex]

We have to find dh/dt at time t = 20 sec

[tex]d/dh(h^2 + 125^2) = d/dt(r^2)[/tex]

By chain rule:

[tex]d/dh(h^2 + 125^2)*dh/dt\\ = d/dr(r^2)*dr/dt\\2h*dh/dt = 2r* dr/dt\\h*dh/dt = r*dr/dt\\dh/dt = (r/h)*dr/dt[/tex]

[tex]= [(125 + 15*20)/(425^2 - 125^2)^1/2]*15[/tex]--------------------- at time t = 2

=15.69 ft/sec

Hence dh/dt = 15.69 ft/sec

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(07.03 MC)

Victoria used a probability simulator to pull 3 colored marbles from a bag and flip a coin 50 times. The results are shown in the tables below:


Color of
Marble Number of
Times Rolled
Blue
18
Green
20
Yellow
12


Heads Tails
20 30


Using Victoria's simulation, what is the probability of pulling a blue marble and the coin landing tails up?
48 over 50
38 over 50
540 over 2500
360 over 2500

Answers

The probability of pulling a blue marble and the coin landing tails up is 360/2500

How to determine the probability?

The tables of values are given as:

Color     Times

Blue        18

Green     20

Yellow    12

Heads    Tails

20          30

The probability of obtaining a blue marble is:

P(Blue) = 18/50

The probability of landing tails up is:

P(Tail) = 20/50

The required probability is:

P = P(Blue) * P(Tail)

This gives

P = 18/50 * 20/50

Evaluate the product

P = 360/2500

Hence, the probability of pulling a blue marble and the coin landing tails up is 360/2500

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the mean of the data set is 18. what number is missing? 21,11,_,27,22,13,16

Answers

The missing number given the mean of the data set is 16.

What is the missing number?

Mean is the average of a data set. It is determined by adding all the numbers in the data set and dividing the sum by the numbers in the data set.

Missing number = (mean x total number in the data set) - sum of numbers in the data set

(18 x 7) - ( 21 + 11 + 27 + 22 + 13 + 16)

126 - 110

= 16

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Esther gave the storekeeper a twenty dollar bill for a purchase of $14.51. How
much change should she have received?

Answers

Answer:

She would have received $5.49 change

Answer:

$5.49 ~$5.50

Explanation: $20 - $15.51 = $5.49 therefore you have to round off which would initially equal to $5.50

PLEASE HELP "What is the value of x in the triangle" (15 Points)

Answers

Answer:

The answer is B.) 3

Step-by-step explanation:

Answer:

jesse got right

Step-by-step explanation:

branliest.

Use this tax table to find how much tax you need to pay on a taxable income of $40,000.
If taxable
But not
The tax is:
income is over--
over-
$0
$7,825
10 percent of the
amount over $0
$7,825
$31,850
$782.50 plus 15 percent
of the amount over
7,825
$31,850
$77,100
$4,386.25 plus 25
percent of the amount
over 31,850
$77,100
$160,850 $15,698.75 plus 28
percent of the amount
over 77,100
$160,850
$349,700 $39,148.75 plus 33
percent of the amount
over 160,850
$349,700
no limit
$101,469.25 plus 35
percent of the amount
over 349,700
OA $6,423.75
OB. $8,150.50
OC. $12,536.25

Answers

Answer:

b

Step-by-step explanation:

Amount of tax you need to pay on a taxable income of $40,000 is,

= $6423.75

What is compound interest?

It is defined as the interest on the principal value or deposit and the interest which is gained on the principal value in the previous year.

According to table, $40,000 falls in the 3rd category between $31,850 and $77,100

And, The tax is "$4,386.25 + 25% of amount over 31,850"

Hence, we have:

= $4,386.25 + 25% of (40,000 - 31,850).

= $4,386.25 + 0.25 x 8150

= $6423.75

Thus, Amount of tax you need to pay on a taxable income of $40,000 is,

= $6423.75

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Can someone solve this eq (integration)


I did it but the answer I got is different to what my textbook says

Answers

Answer:

I hope you can help

Ted needs 2500 metres for job. What length is this in kilometres

Answers

Answer:

2.5 kilometers

Step-by-step explanation:

One kilometer is 1000 meters

To convert from metres to kilometers, we divide by 1000

2500 ÷ 1000 = 2.5km

which expresstion is equivalent to 22 - 3

Answers

Answer:

48-29

Step-by-step explanation:

22-3=19, so put on that makes 19.

Answer:

19 + 3(19 + 22) - 22(3 * 7) + 1

find the midpoint of the line segment between the points (11, -5) and (-3, -7)

Answers

Answer:

(4, -6)

Step-by-step explanation:

(x1+x2)/2 + (y1+y2)/2 = midpoint

(11+-3)/2 = 8/2 = 4.     x = 4

(-5 + -7)/2 = -12/2.      y = -6

4, -6 is the midpoint

give brainliest please! hope this helps :)

If 12,5 % discounted is offered on a R500,00 pair of shoes ,how much discount will you receive

Answers

Answer: R62,500

Step-by-step explanation:

To find the discount, simply multiply 12.5% (0.125 in decimal form) with 500,000

500,000 x 0.125 = 62,500

Answer:

  ₹62,50

Step-by-step explanation:

The amount of discount is found by multiplying the discount rate by the amount being discounted.

  discount = 0,125 × ₹500,00 = ₹62,50

You will receive a discount of ₹62,50.

_____

Additional comment

Here, a comma is used to separate the units part of the number from the fractional part of the number. This decimal separator is an alternative to the use of a period or centered dot (·) for that purpose.

The measure of an exterior angle of a regular polygon is 45º. How many sides does the polygon have?

Answers

Answer:The answer is 8 sides

Step-by-step explanation:

x y
-1 -10
3 14
Complete the slope-intercept form of the linear equation that represents the relationship in the table.

Answers

to get the equation of any straight line, we simply need two points off of it, let's use the ones in the table.

[tex]\begin{array}{|cc|ll} \cline{1-2} x&y\\ \cline{1-2} -1&-10\\ 3&14\\ \cline{1-2} \end{array}\hspace{5em} (\stackrel{x_1}{-1}~,~\stackrel{y_1}{-10})\qquad (\stackrel{x_2}{3}~,~\stackrel{y_2}{14}) \\\\\\ \stackrel{slope}{m}\implies \cfrac{\stackrel{rise} {\stackrel{y_2}{14}-\stackrel{y1}{(-10)}}}{\underset{run} {\underset{x_2}{3}-\underset{x_1}{(-1)}}} \implies \cfrac{14 +10}{3 +1}\implies \cfrac{24}{4}\implies 6[/tex]

[tex]\begin{array}{|c|ll} \cline{1-1} \textit{point-slope form}\\ \cline{1-1} \\ y-y_1=m(x-x_1) \\\\ \cline{1-1} \end{array}\implies y-\stackrel{y_1}{(-10)}=\stackrel{m}{6}(x-\stackrel{x_1}{(-1)}) \\\\\\ y+10=6(x+1)\implies y+10=6x+6\implies y=6x-4[/tex]

6 x (3+2) divided by 10

Answers

It is letter c 10x r t

Question 4 of 10
If ƒ(x) = 3(x+5) +−, what is f(a+2)?

Answers

[tex]f(x) = 3(x+5)\\\\f(a+2) = 3(a+2 +5) \\\\~~~~~~~~~~~~=3(a+7)\\\\~~~~~~~~~~~~=3a+21[/tex]

13. Figure QRSP is a rectangle.
Q.
100°
What is the measure of angle RPS?
A. 40 degrees
C. 80 degrees
B. 50 degrees]

Answers

Answer:

b 50 degrees bavaggagshdd

39. What is the value of x?

Answers

Answer:

x = 15

Step-by-step explanation:

the sum of the exterior angles of a polygon = 360°

sum the 5 exterior angles and equate to 360

5x + 3 + 4x + 8 + 5x + 5 + 6x - 1 + 3x = 360 , that is

23x + 15 = 360 ( subtract 15 from both sides )

23x = 345 ( divide both sides by 23 )

x = 15

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