subject
Business, 23.04.2021 16:30 smancilla2020

We are reviewing our Uber surge pricing strategy and we are thinking about enacting a bar-district surge price. We have studied demand characterizes of rides in major cities with well-known bar districts. Furthermore, our data analytics team has estimated the inverse demand P1(Q1) for rides to bar districts before 2am and the inverse demand P2(Q2) for rides from bar districts after 2am, as follows: Group 1: rides to bar districts before 2am: P1(Q1) = 5 – 0.01Q1
Group 2: rides from bar district after 2am: P2(Q2) = 10 – 0.01Q2

First, note that these price functions are in per mile terms. Also, keep in mind that our marginal costs per mile driven is $1. Please review optimal prices to charge to each group (using 3rd degree price discrimination) and let me know what the resulting profits would be. I am curious to see how much higher the "after 2am" bar-district surge price could go.

Also, in your review of customizing a higher price to people leaving bar-districts after 2am, let me know if you spot any legal/ethical risks. We have a good partnership with Mothers Against Drunk Driving (MADD), so I want to think about all the risks of this bar-district surge price.

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 04:30, AM28
4. the condition requires that only one of the selected criteria be true for a record to be displayed.
Answers: 1
image
Business, 22.06.2019 11:00, dxpebetty64
Which statement best describes the variety of workplaces commonly found in the health science career cluster? a. workplaces in this cluster include healthcare facilities such as hospitals, physician offices, and clinics. b. workplaces in this cluster include healthcare facilities, laboratories, and other environments such as offices or homes. c . workplaces in this cluster include nonprofit hospitals, government-run clinics, and private physicians' offices. d. workplaces in this cluster include private and nonprofit hospitals and clinics, and dentists' offices.
Answers: 1
image
Business, 22.06.2019 20:00, lusa0720
Edna gomez is the founder of the restaurant chain good and green. she ensures that the products in her stores are ethically and responsibly sourced. most products are therefore 100 percent organic and all packaging is manufactured from recycled material. also, her company sources ingredients from farms within 100 miles from her locations. edna's belief is that her restaurants should be able to support the community at large. which of the following terms best describes edna gomez? a. headhunter b. category captain c. social entrepreneur d. trade creditor
Answers: 3
image
Business, 22.06.2019 20:10, keem8224
Given the following information, calculate the savings ratio: liabilities = $25,000 liquid assets = $5,000 monthly credit payments = $800 monthly savings = $760 net worth = $75,000 current liabilities = $2,000 take-home pay = $2,300 gross income = $3,500 monthly expenses = $2,050 multiple choice 2.40% 3.06% 34.78% 33.79% 21.71%
Answers: 2
You know the right answer?
We are reviewing our Uber surge pricing strategy and we are thinking about enacting a bar-district s...

Questions in other subjects:

Konu
Mathematics, 15.05.2021 21:10
Konu
History, 15.05.2021 21:10