Question :
41.RefertoScenario15-6.Howmuchprofitwilltheconcertpromotersearniftheyengageinpricediscrimination?
a.$100,000
b.$125,000
c.$150,000
d.$175,000
4 : 1261602
41.RefertoScenario15-6.Howmuchprofitwilltheconcertpromotersearniftheyengageinpricediscrimination?
a.$100,000
b.$125,000
c.$150,000
d.$175,000
42.RefertoScenario15-6.Howmuchadditionalprofitcantheconcertpromotersearnbychargingeachcustomertheirwillingnesstopayrelativetochargingaflatpriceof$150perticket?
a.$25,000
b.$50,000
c.$75,000
d.$100,000
43.RefertoScenario15-6.Howmuchadditionalprofitcantheconcertpromotersearnbychargingeachcustomertheirwillingnesstopayrelativetochargingaflatpriceof$50perticket?
a.$25,000
b.$50,000
c.$75,000
d.$100,000
44.RefertoScenario15-7.IfBlackBoxCableTVisunabletopricediscriminate,whatpricewillitchoosetomaximizeitsprofit,andwhatistheamountoftheprofit?
a.price=$20;profit=$400,000
b.price= $20; profit =$330,000
c.price =$150; profit= $450,000
d.price =$150; profit= $600,000
45.RefertoScenario15-7.IfBlackBoxCableTVisabletopricediscriminate,whatwouldbethemaximumamountofprofititcouldgenerate?
a.$500,000
b.$600,000
c.$850,000
d.$925,000
46.RefertoScenario15-7.Whatisthedeadweightlossassociatedwiththenondiscriminatingpricingpolicycomparedtothepricediscriminatingpolicy?
a.$375,000
b.$400,000
c.$475,000
d.Itcannotbedeterminedfromtheinformationprovided.
Scenario15-8
MegaMediaCableTVisabletopurchaseanexclusiverighttosellapremiumsportschannelinitsmarketarea.Let’sassumethatMegaMediapays$100,000ayearfortheexclusivemarketingrightstothesportschannel.SinceMegaMediahasalreadyinstalledcabletoallofthehomesinitsmarketarea,themarginalcostofdeliveringthesportschanneltosubscribersiszero.ThemanagerofMegaMedianeedstoknowwhatpricetochargeforthesportschannelservicetomaximizeherprofit.Beforesettingprice,shehiresaneconomisttoestimatedemandforthesportschannel.Theeconomistdiscoversthattherearetwotypesofsubscriberswhovaluepremiumsportingchannels.Firstarethe3,000die-hardsportsfanswhowillpayasmuchas$150ayearforthenewchannel.Second,thepremiumsportschannelwillappealto20,000occasionalsportsviewerswhowillpayasmuchas$25ayearforasubscriptiontoit.
47.RefertoScenario15-8.HowmuchprofitwillMegaMediaCableTVearnifitsetsthepriceat$25?
a.$350,000
b.$450,000
c.$475,000
d.$575,000
48.RefertoScenario15-8.HowmuchprofitwillMegaMediaCableTVearnifitsetsthepriceat$150?
a.$350,000
b.$450,000
c.$475,000
d.$575,000
49.RefertoScenario15-8.IfMegaMediaCableTVisunabletopricediscriminate,whatpricewillitchoosetomaximizeitsprofit,andwhatistheamountoftheprofit?
a.price=$25;profit=$575,000
b.price= $25; profit =$475,000
c.price =$150; profit= $450,000
d.price =$150; profit= $350,000
50.RefertoScenario15-8.IfMegaMediaCableTVisabletopricediscriminate,whatwouldbethemaximumamountofprofititcouldgenerate?
a.$950,000
b.$850,000
c.$400,000
d.$350,000
Scenario15-9
Supposeexecutivesatanartmuseumknowthat100adultsarewillingtopay$12foradmissiontothemuseumonaweekday.Supposetheexecutivesalsoknowthat200studentsarewillingtopay$8foradmissiononaweekday.Thecostofoperatingthemuseumonaweekdayis$2,000.