Chat with us, powered by LiveChat Please view attached file.An amusement park, whose - Writemia

Please view attached file.An amusement park, whose

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 $5. Because marginal cost is a constant, so is average variable cost. Ignore fixed costs. The owners of the amusement part want to maximize profits.Price ($)QuantityAdultsChildren51520614187131681214911121010101198128613741462Calculate the price, quantity, and profit if: The amusement park charges a different price in the adult marketPlease 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)PriceQuantityTotalRevenueMarginalRevenueMarginalCostTotalCostMR-MCProfitBlank 1 684 530 3413Blank 2 9175352561289655400Blank 3Blank 4 9993545-25410Blank 5 1001550-45091199-1555-6Blank 6Blank 7 1296-3560-8367Blank 8 91-5565-102661484-7570-12Blank 951575-9575-140An 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 $5. Because marginal cost is a constant, so is average variable cost. Ignore fixed costs. The owners of the amusement part want to maximize profits.Price ($)QuantityAdultsChildren51520614187131681214911121010101198128613741462Calculate the price, quantity, and profit if: The amusement park charges a different price in the child’s marketPlease 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)PriceQuantityTotalRevenueMarginalRevenueMarginalCostTotalCostMR-MCProfit14228 510 Blank 113Blank 2 5212520732Blank 3 67210530542118888540348101010065501Blank 49Blank 5 1084560-148Blank 6 141122570-3427161120580-5Blank 76Blank 8 108-2590-718Blank 9 20100-45100-90An 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 $5. Because marginal cost is a constant, so is average variable cost. Ignore fixed costs. The owners of the amusement part want to maximize profits.Price ($)QuantityAdultsChildren51520614187131681214911121010101198128613741462Calculate the price, quantity, and profit if: The amusement park charges the same price in the two markets combinedPlease 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)PriceQuantityTotalRevenueMarginalRevenueMarginalCostTotalCostMR-MCProfit148112 540 72Blank 1 1114310.335555.338812Blank 2 1688.335703.339811171876.335851.33Blank 3Blank 4 202004.335100-0.671009Blank 5 2072.335115-2.67928262080.335130-4.67Blank 6Blank 7 29203-1.675145-6.67586Blank 8 192-3.675160-8.67Blank 9535175-7.675190-12.67-38Explain 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.

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