This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The market demand curve for a popular teen magazine is given by Q = 80 - 10P where P is the magazine ... (Read 101 times)

amal

  • Hero Member
  • *****
  • Posts: 572
on: Jul 1, 2018
The market demand curve for a popular teen magazine is given by Q = 80 - 10P where P is the magazine price in dollars per issue and Q is the weekly magazine circulation in units of 10,000.
 
  If the circulation is 400,000 per week at the current price, what is the consumer surplus for a teen reader with maximum willingness to pay of 3 per issue? A) 2.00
  B) 1.00
  C) Zero
  D) -1.00

Question 2

A local restaurant offers early bird price discounts for dinners ordered from 4:30 to 6:30 PM. This is an example of
 
  A) peak-load pricing.
  B) second-degree price discrimination.
  C) a two-part tariff.
  D) tying.
  E) none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Benayers

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


amal

  • Member
  • Posts: 572
Reply 2 on: Jul 1, 2018
Wow, this really help

momolu

  • Member
  • Posts: 320
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

The titration curve of the buffer acetic acid (CH3COOH) The titration curve of the buffer acetic acid (CH3COOH)
The titration curve of phosphoric acid (H3PO4), a common buffer in biological sy The titration curve of phosphoric acid (H3PO4), a common buffer in biological sy
Frequency distribution curve: interpatient variability in drug response Frequency distribution curve: interpatient variability in drug response
Teen Birthrate from 1990 to 2012 Teen Birthrate from 1990 to 2012
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
Typical bacterial population growth curve showing the initial lag phase Typical bacterial population growth curve showing the initial lag phase
Video: How antibiotics works? 💊

For a complete list of videos, visit our video library