solve and answer 4 eco 550 questions must be 100 correct

/by

Please view attached file. An amusement park, whose customer set is made up of two markets, adults and children, has developed demand schedules as follows: The marginal operating cost of each unit of quantity is $5. Because marginal cost is a constant, so is average variable cost. Ignore fixed costs. The owners of the amusement part want to maximize profits. Price ($) Quantity Adults Children 5 15 20 6 14 18 7 13 16 8 12 14 9 11 12 10 10 10 11 9 8 12 8 6 13 7 4 14 6 2 Calculate the price, quantity, and profit if: The amusement park charges a different price in the adult market Please express your answers for Price and Profit in whole dollars (i.e.10.00) Please use whole numbers for Quanitity (i.e. 10, 27, 4) Price Quantity Total Revenue Marginal Revenue Marginal Cost Total Cost MR-MC Profit Blank 1 6 84 5 30 34 13 Blank 2 91 7 5 35 2 56 12 8 96 5 5 40 0 Blank 3 Blank 4 9 99 3 5 45 -2 54 10 Blank 5 100 1 5 50 -4 50 9 11 99 -1 5 55 -6 Blank 6 Blank 7 12 96 -3 5 60 -8 36 7 Blank 8 91 -5 5 65 -10 26 6 14 84 -7 5 70 -12 Blank 9 5 15 75 -9 5 75 -14 0 An amusement park, whose customer set is made up of two markets, adults and children, has developed demand schedules as follows: The marginal operating cost of each unit of quantity is $5. Because marginal cost is a constant, so is average variable cost. Ignore fixed costs. The owners of the amusement part want to maximize profits. Price ($) Quantity Adults Children 5 15 20 6 14 18 7 13 16 8 12 14 9 11 12 10 10 10 11 9 8 12 8 6 13 7 4 14 6 2 Calculate the price, quantity, and profit if: The amusement park charges a different price in the child’s market Please express your answers for Price and Profit in whole dollars (i.e.10.00) Please use whole numbers for Quanitity (i.e. 10, 27, 4) Price Quantity Total Revenue Marginal Revenue Marginal Cost Total Cost MR-MC Profit 14 2 28 5 10 Blank 1 13 Blank 2 52 12 5 20 7 32 Blank 3 6 72 10 5 30 5 42 11 8 88 8 5 40 3 48 10 10 100 6 5 50 1 Blank 4 9 Blank 5 108 4 5 60 -1 48 Blank 6 14 112 2 5 70 -3 42 7 16 112 0 5 80 -5 Blank 7 6 Blank 8 108 -2 5 90 -7 18 Blank 9 20 100 -4 5 100 -9 0 An amusement park, whose customer set is made up of two markets, adults and children, has developed demand schedules as follows: The marginal operating cost of each unit of quantity is $5. Because marginal cost is a constant, so is average variable cost. Ignore fixed costs. The owners of the amusement part want to maximize profits. Price ($) Quantity Adults Children 5 15 20 6 14 18 7 13 16 8 12 14 9 11 12 10 10 10 11 9 8 12 8 6 13 7 4 14 6 2 Calculate the price, quantity, and profit if: The amusement park charges the same price in the two markets combined Please express your answers for Price and Profit in whole dollars (i.e.10.00) Please use whole numbers for Quanitity (i.e. 10, 27, 4) Price Quantity Total Revenue Marginal Revenue Marginal Cost Total Cost MR-MC Profit 14 8 112 5 40 72 Blank 1 11 143 10.33 5 55 5.33 88 12 Blank 2 168 8.33 5 70 3.33 98 11 17 187 6.33 5 85 1.33 Blank 3 Blank 4 20 200 4.33 5 100 -0.67 100 9 Blank 5 207 2.33 5 115 -2.67 92 8 26 208 0.33 5 130 -4.67 Blank 6 Blank 7 29 203 -1.67 5 145 -6.67 58 6 Blank 8 192 -3.67 5 160 -8.67 Blank 9 5 35 175 -7.67 5 190 -12.67 -38 Explain the difference in the profit realized under the two situations (the price in each market or in the two markets combined.) Make sure you include the profit with and without price discrimination in your answer.

#Essaywriting #Academicwriting #Assignmenthelp #Nursingassignment #Nursinghomework #Psychologyassignment #Physicsassignment #Philosophyassignment #Religionassignment #History #Writing #writingtips #Students #universityassignment #onlinewriting #savvyessaywriters #onlineprowriters #assignmentcollection #excelsiorwriters #writinghub #study #exclusivewritings #myassignmentgeek #expertwriters #art #transcription #grammer #college #highschool #StudentsHelpingStudents #studentshirt #StudentShoe #StudentShoes #studentshoponline #studentshopping #studentshouse #StudentShoutout #studentshowcase2017 #StudentsHub #studentsieuczy #StudentsIn #studentsinberlin #studentsinbusiness #StudentsInDubai #studentsininternational #accountingassignmenthelp #accountingassignment #assignmenthelp #buyaccountingassignment #accountingassignmentwriter #domyassignment #assignmentguide #expertwriters