Mathematics, 20.05.2021 14:00 Gearyjames8
You are a manager of a music academy. The typical consumer’s yearly demand function for piano lessons is given by Q = 80 – 2P. The cost for offering each lesson is $10. Assume that fixed cost is zero.
d. Suppose you decide to use non-linear price discrimination instead, charging $30 for the first 20 lessons. If you charge $15 for each additional lesson after that then how many lessons, in total, will be purchased by a typical consumer?
e. Calculate consumer surplus, producer surplus and deadweight loss for the strategy used in part d)
Answers: 1
Mathematics, 21.06.2019 22:30
Which statement shows that 6.24 is a rational number? a. 6.24 = 6.242424 b. 6.24 = 6.24 c. 6.24 = 68⁄33 d. 6.24 = 66⁄25
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Mathematics, 21.06.2019 23:00
Someone answer this asap for the first five terms of a sequence are shown. 5, 11, 23, 47, 95, . . which recursive function defines the nth term in the sequence for n > 1? a. f(n) = f(n - 1) + 6 b) f(n) = f(n - 1) + 48 c) f(n) = 3 • f(n - 1) + 1 d) f(n) = 3 • f(n - 1) - 4
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You are a manager of a music academy. The typical consumer’s yearly demand function for piano lesson...
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