Entries by Mary

Price Discrimination: The Path to Additional Profits

Price Discrimination: The Path to Additional Profits. What is price discrimination?  Here is some help with the basics.  https://cdnapisec.kaltura.com/index.php/extwidget/preview/partner_id/956951/uiconf_id/38285871/entry_id/1_svaboiiy/embed/dynamic The idea that transactions in a marketplace work like an invisible hand is to some extent the idea that when a person chooses to buy an item at a given price they are happy with the deal. […]

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August 4, 2019 by

Problem Set

Problem Set. Due Week 5 and worth 250 points Problem 1: Using the Marginal Approach (40 points) Suppose your company runs the shuttle business for a hotel to and from the local airport. The costs for different customer loads are: 1 customer:  $30 2 customers: $32 3 customers: $35 4 customers: $38 5 customers: $42 6 customers: […]

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August 4, 2019 by

Managerial Economics

Managerial Economics. A monopolistically competitive firm has the following short-run inverse demand, marginal revenue, and cost schedules for a particular product: P = $45 – $0.2Q MR = $45 – $0.4Q TC = $500 + $5Q MC = $5 a) What quantity would maximize profits for this firm? (Hint: Recall that profit maximizing is where […]

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August 4, 2019 by

Budget

Budget. Initial Situation  Hospitable co provides the following sales for the next 4 months                            April May June  July Sales unit   500      580   540    620 The company wants to end each month with ending finished goods inventory equal to 25% of next months sales. Finished goods inventory on April 1 is 190 units . Assume July’s […]

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August 4, 2019 by