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

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 17:00, saltytaetae

The tuition costs, c, for a local community college are modeled by c(h) = 250 + 200h, where h represents the number of credit hours taken. the local state university has tuition costs, s, modeled by the function s(h) = 300 + 180h. how many credit hours will a student have to take for the two tuition costs to be equal? round the answer to the nearest tenth of an hour.

Answers: 3

continue

Mathematics, 21.06.2019 23:30, miko96

Identify the slope an intercept of the following linear equation y = 1/5x - 6 a. slope: 1/5; intercept: -6 b. slope: 5; intercept: -6 c. slope: -1/5; intercept: 6 d. slope: 1/5; intercept: 6

Answers: 2

continue

Mathematics, 22.06.2019 02:00, 2936131

15 oranges weigh 3.75 kilograms (kg). if each orange weighs approximately the same, approximately how much does each orange weigh?

Answers: 2

continue

Mathematics, 22.06.2019 03:00, paula1172

The first triangle is dilated to form the second triangle. select true or false for each statement. statement true false the scale factor is 0.625. the scale factor is 1.6. a right triangle with a side length of .5. an arrow points to a larger right triangle with a side length of .8

Answers: 3

continue

You know the right answer?

You are a manager of a music academy. The typical consumer’s yearly demand function for piano lesson...