1- Gliberace\'s Fashion Accessories of Las Vegas produces gem-stone encrusted fo

Question

1- Gliberace's Fashion Accessories of Las Vegas produces gem-stone encrusted formal wear for sale in Los Angeles and San Francisco subject to total cost TC = 100 + 6(QLA + QSF). Demand for Gliberace's stones in the two cities is given by QLA = 70 - 2PLA and QSF = 50 - PSF. If Gliberace cannot price discriminate between the two cities, and so charges the same price in each, how many stones will it sell in Los Angeles?

2- Gliberace's Fashion Accessories of Las Vegas produces gem-stone encrusted formal wear for sale in Los Angeles and San Francisco subject to total cost TC = 100 + 6(QLA + QSF). Demand for Gliberace's stones in the two cities is given by QLA = 70 - 2PLA and QSF = 50 - PSF. If Gliberace cannot price discriminate between the two cities, and so charges the same price in each, what will be that price?

3- Gliberace's Fashion Accessories of Las Vegas produces gem-stone encrusted formal wear for sale in Los Angeles and San Francisco subject to total cost TC = 100 + 6(QLA + QSF). Demand for Gliberace's stones in the two cities is given by QLA = 70 - 2PLA and QSF = 50 - PSF. If Gliberace cannot price discriminate between the two cities, and so charges the same price in each, how much profit will the firm make?

4- Professor writes a book. The demand for the book is P=20-Q. The fixed cost to produce the book is $10. Professor wants to sell the book as an ebook, downloadable from his website. Marginal cost in this case would be zero and it costs him nothing to run his website. He wants to give students the possibility of letting them pay whatever amount they want for the ebook. Suppose all students will pay their maximum willingness to pay. How much profit will the professor will make?

5-

Suppose a firm faces the following demand for their product: P=100-Q. Further assume that the marginal cost to produce the product is $10 and that the fixed costs are $15. The firm is thinking of implementing the following pricing technique: sell as much as it can at a price of $40 then decrease the price to $25 and sell as much as it can. How many units in total is it going to sell under this scheme?

Explanation / Answer

I feel the same. I think I am a pretty good student and now im just hoping to pass with a D! I posted all the questions individually to get the answers for hw4. I hope they are right. Did you already submit it?

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.