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Question : Figure 16-5 21) Refer to Figure 16-5.  Suppose the firm represented : 1387957

Economics

 

Figure 16-5

 

 

21) Refer to Figure 16-5.  Suppose the firm represented in the diagram decides to use a two-part pricing strategy such that it charges a fixed fee and a per-unit price equal to the competitive price. (This is also called an optimal two-part tariff.) What is the per-unit price it should charge, if any?

A) It should not charge a price per unit; just a flat fee to consume as much of the product as desired.

B) It should charge a range of prices from $40 to $12.

C) $12

D) $16

 

 

22) Refer to Figure 16-5.  Suppose the firm represented in the diagram decides to use a two-part pricing strategy such that it charges a fixed fee and a per-unit price equal to the competitive price. (This is also called an optimal two-part tariff.) What is the total revenue it can expect to collect from the fixed fee portion of the price?

A) $2,560

B) $5,760

C) $7,870

D) $10,240

 

 

23) Refer to Figure 16-5.  Suppose the firm represented in the diagram decides to use a two-part pricing strategy such that it charges a fixed fee and a per-unit price equal to the competitive price. (This is also called an optimal two-part tariff.) What is the value of the consumer surplus from this pricing strategy?

A) $2,560

B) $5,760

C) $7,870

D) 0

 

24) Refer to Figure 16-5.  Consider the following two pricing strategies:

a. a fixed fee and a per-unit price equal to the monopoly price

b. a fixed fee and a per-unit price equal to the competitive price

 

The firm represented in the diagram earns a higher profit under strategy ________ and deadweight loss is eliminated under ________.

A) b; b

B) a; b

C) a; neither strategy

D) b; neither strategy

 

 

25) Refer to Figure 16-5.  Suppose the firm represented in the diagram decides to practice perfect price discrimination. What is the profit-maximizing quantity?

A) 320 units

B) 480 units

C) 560 units

D) 640 units

 

 

26) Refer to Figure 16-5.  Suppose the firm represented in the diagram decides to practice perfect price discrimination. What is the profit-maximizing price it will charge?

A) It should charge a range of prices from $40 to $16.

B) It should charge a range of prices from $40 to $12.

C) $2

D) $8

 

27) Refer to Figure 16-5.  Suppose the firm represented in the diagram decides to practice perfect price discrimination. What is the total revenue collected by the firm?

A) $6,720

B) $7,680

C) $10,240

D) $13,440

 

 

28) Refer to Figure 16-5.  Suppose the firm represented in the diagram decides to act as a monopolist and charge a single price. What is the profit maximizing quantity produced and what is the price charged?

A) Q = 240 units; P = $28

B) Q = 320 units; P = $24

C) Q = 480 units; P = $16

D) Q = 560 units; P = $12

 

 

29) Which of the following statements is true?

A) Consumer surplus under perfect price discrimination is greater than under single-price monopoly pricing.

B) Consumer surplus under an optimal two-part tariff is greater than that under single-price monopoly pricing.

C) Although consumers reap some consumer surplus under a single-price monopoly, society is better off with optimal two-part tariff pricing.

D) Of the three pricing schedules, single-price monopoly, an optimal two-part tariff and perfect price discrimination, profit is highest under single-price monopoly pricing.

 

30) Consider three pricing strategies that the firm can pursue:

a.optimal two-part tariff pricing

b.perfect price discrimination

c.single-price monopoly pricing.

 

Of these three strategies, which is least likely to benefit society as a whole?

A) a two-part tariff pricing because consumers have to pay a fixed fee in addition to a per-unit price

B) perfect price discrimination because those willing to pay higher prices are forced to subsidize those who are not

C) Both perfect price discrimination and two-part tariff pricing do not benefit society because the entire consumer surplus is extracted by the producer.

D) single-price monopoly pricing because there are mutually beneficial trades (between consumers and seller) that are not exploited

 

 

 

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July 1, 2023
    

 

Instructions

Assignment 2: Style Sheets and Website Creation

For this assignment, you will create 2 external style sheets and a web page that describes a movie of your choice and write a 1–2 page summary report. You will experiment with linking the web page to the external style sheets and noting how the display of the page changes.

Tasks:

Use appropriate HTML tags and create 2 external style sheets and a web page using a text editor or an HTML editor.

Part I: Create 2 Style Sheets and a Web Page

  1. Using a text editor or an HTML editor (Adobe Dreamweaver), create the first external style sheet (name it "format1.css") and format it as follows:
    1. Assign the document background color white, document text color #000099, and document font family Arial, Helvetica, or Sans-serif.
    2. Create hyperlinks to make the background color gray (#CCCCCC).
    3. Configure the h1 selector to use the Times New Roman font with a red text color.
  2. Using a text editor or an HTML editor, create a second external style sheet (name it "format2.css") and format it as follows:
    1. Assign the document background color yellow and the text color green.
    2. Create hyperlinks that have a background color of white.
    3. Configure the h1 selector to use the Times New Roman font with a white background color and green text color.
  3. Using a text editor or an HTML editor, create a web page on your favorite movie that displays the movie name in an <h1> tag. In addition, include a description of the movie (in about a single paragraph) and a bulleted list of the main actors. Format the site as follows:
    1. Create the page that has a hyperlink to a website describing the movie.
    2. Create an e-mail link to yourself on the web page. This page should be associated with the "format1.css" file.
    3. Save the page as "moviecss1.html."
    4. Test your page in more than one browser. During the test, ensure that all HTML tags work properly. If you identify HTML tags that do not appear or display properly on a web browser, then consider changing the HTML tags to a compatible alternative.
    5. Modify the "moviecss1.html" page to link to the "format2.css" external style sheet instead of the "format1.css" file.
    6. Save the page as "moviecss2.html" and test it in a browser. During the test, ensure that all HTML tags work properly. If you identify HTML tags that do not appear or display properly on a web browser, then consider changing the HTML tags to a compatible alternative.

Notice how different the page looks!

Note: The web page should validate successfully using the W3C validator. The syntax should be error free and generate a website on multiple browsers.

Part II: Summary Report

Create a 1–2 page summary report that summarizes the changes made to the website for management. The summary report is typically created for management to present an overview of the changes that were made to the website in nontechnical terms.

Note: Your summary report should utilize at least three scholarly or professional sources (beyond your textbook). Your report should be written in a clear, concise, and organized manner; demonstrate ethical scholarship in accurate representation and attribution of sources (i.e., in APA format); and display accurate spelling, grammar, and punctuation.

Submission Details:

  • By the due date assigned, save your 2 external style sheets as M2_A2_LastName_FirstInitial_format1.css and M2_A2_LastName_FirstInitial_format2.css, your 2 web pages as M2_A2_LastName_FirstInitial_moviecss1.html and M2_A2_LastName_FirstInitial_moviecss2.html, and the summary report as M2_A2_LastName_FirstInitial.doc and submit them to the Submissions Area.

Assignment 2 Grading CriteriaMaximum PointsCreated the first external style sheet and formatted it as per the assignment instructions using text editor.24Created the second external style sheet and formatted it as per the assignment instructions using text editor.24Created a web page about a movie that displays the movie name as per the assignment instructions using a text editor or an HTML editor; validated the website using the W3C validator.24Submitted a summary report including the changes you made to the website for management.8Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources; displayed accurate spelling, grammar, and punctuation. Wrote all citations in APA format.20Total:100 

default image
July 1, 2023
    

 

Instructions

Assignment 2: Style Sheets and Website Creation

For this assignment, you will create 2 external style sheets and a web page that describes a movie of your choice and write a 1–2 page summary report. You will experiment with linking the web page to the external style sheets and noting how the display of the page changes.

Tasks:

Use appropriate HTML tags and create 2 external style sheets and a web page using a text editor or an HTML editor.

Part I: Create 2 Style Sheets and a Web Page

  1. Using a text editor or an HTML editor (Adobe Dreamweaver), create the first external style sheet (name it "format1.css") and format it as follows:
    1. Assign the document background color white, document text color #000099, and document font family Arial, Helvetica, or Sans-serif.
    2. Create hyperlinks to make the background color gray (#CCCCCC).
    3. Configure the h1 selector to use the Times New Roman font with a red text color.
  2. Using a text editor or an HTML editor, create a second external style sheet (name it "format2.css") and format it as follows:
    1. Assign the document background color yellow and the text color green.
    2. Create hyperlinks that have a background color of white.
    3. Configure the h1 selector to use the Times New Roman font with a white background color and green text color.
  3. Using a text editor or an HTML editor, create a web page on your favorite movie that displays the movie name in an <h1> tag. In addition, include a description of the movie (in about a single paragraph) and a bulleted list of the main actors. Format the site as follows:
    1. Create the page that has a hyperlink to a website describing the movie.
    2. Create an e-mail link to yourself on the web page. This page should be associated with the "format1.css" file.
    3. Save the page as "moviecss1.html."
    4. Test your page in more than one browser. During the test, ensure that all HTML tags work properly. If you identify HTML tags that do not appear or display properly on a web browser, then consider changing the HTML tags to a compatible alternative.
    5. Modify the "moviecss1.html" page to link to the "format2.css" external style sheet instead of the "format1.css" file.
    6. Save the page as "moviecss2.html" and test it in a browser. During the test, ensure that all HTML tags work properly. If you identify HTML tags that do not appear or display properly on a web browser, then consider changing the HTML tags to a compatible alternative.

Notice how different the page looks!

Note: The web page should validate successfully using the W3C validator. The syntax should be error free and generate a website on multiple browsers.

Part II: Summary Report

Create a 1–2 page summary report that summarizes the changes made to the website for management. The summary report is typically created for management to present an overview of the changes that were made to the website in nontechnical terms.

Note: Your summary report should utilize at least three scholarly or professional sources (beyond your textbook). Your report should be written in a clear, concise, and organized manner; demonstrate ethical scholarship in accurate representation and attribution of sources (i.e., in APA format); and display accurate spelling, grammar, and punctuation.

Submission Details:

  • By the due date assigned, save your 2 external style sheets as M2_A2_LastName_FirstInitial_format1.css and M2_A2_LastName_FirstInitial_format2.css, your 2 web pages as M2_A2_LastName_FirstInitial_moviecss1.html and M2_A2_LastName_FirstInitial_moviecss2.html, and the summary report as M2_A2_LastName_FirstInitial.doc and submit them to the Submissions Area.

Assignment 2 Grading CriteriaMaximum PointsCreated the first external style sheet and formatted it as per the assignment instructions using text editor.24Created the second external style sheet and formatted it as per the assignment instructions using text editor.24Created a web page about a movie that displays the movie name as per the assignment instructions using a text editor or an HTML editor; validated the website using the W3C validator.24Submitted a summary report including the changes you made to the website for management.8Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources; displayed accurate spelling, grammar, and punctuation. Wrote all citations in APA format.20Total:100 

default image
July 1, 2023
    

 

Instructions

Assignment 2: Style Sheets and Website Creation

For this assignment, you will create 2 external style sheets and a web page that describes a movie of your choice and write a 1–2 page summary report. You will experiment with linking the web page to the external style sheets and noting how the display of the page changes.

Tasks:

Use appropriate HTML tags and create 2 external style sheets and a web page using a text editor or an HTML editor.

Part I: Create 2 Style Sheets and a Web Page

  1. Using a text editor or an HTML editor (Adobe Dreamweaver), create the first external style sheet (name it "format1.css") and format it as follows:
    1. Assign the document background color white, document text color #000099, and document font family Arial, Helvetica, or Sans-serif.
    2. Create hyperlinks to make the background color gray (#CCCCCC).
    3. Configure the h1 selector to use the Times New Roman font with a red text color.
  2. Using a text editor or an HTML editor, create a second external style sheet (name it "format2.css") and format it as follows:
    1. Assign the document background color yellow and the text color green.
    2. Create hyperlinks that have a background color of white.
    3. Configure the h1 selector to use the Times New Roman font with a white background color and green text color.
  3. Using a text editor or an HTML editor, create a web page on your favorite movie that displays the movie name in an <h1> tag. In addition, include a description of the movie (in about a single paragraph) and a bulleted list of the main actors. Format the site as follows:
    1. Create the page that has a hyperlink to a website describing the movie.
    2. Create an e-mail link to yourself on the web page. This page should be associated with the "format1.css" file.
    3. Save the page as "moviecss1.html."
    4. Test your page in more than one browser. During the test, ensure that all HTML tags work properly. If you identify HTML tags that do not appear or display properly on a web browser, then consider changing the HTML tags to a compatible alternative.
    5. Modify the "moviecss1.html" page to link to the "format2.css" external style sheet instead of the "format1.css" file.
    6. Save the page as "moviecss2.html" and test it in a browser. During the test, ensure that all HTML tags work properly. If you identify HTML tags that do not appear or display properly on a web browser, then consider changing the HTML tags to a compatible alternative.

Notice how different the page looks!

Note: The web page should validate successfully using the W3C validator. The syntax should be error free and generate a website on multiple browsers.

Part II: Summary Report

Create a 1–2 page summary report that summarizes the changes made to the website for management. The summary report is typically created for management to present an overview of the changes that were made to the website in nontechnical terms.

Note: Your summary report should utilize at least three scholarly or professional sources (beyond your textbook). Your report should be written in a clear, concise, and organized manner; demonstrate ethical scholarship in accurate representation and attribution of sources (i.e., in APA format); and display accurate spelling, grammar, and punctuation.

Submission Details:

  • By the due date assigned, save your 2 external style sheets as M2_A2_LastName_FirstInitial_format1.css and M2_A2_LastName_FirstInitial_format2.css, your 2 web pages as M2_A2_LastName_FirstInitial_moviecss1.html and M2_A2_LastName_FirstInitial_moviecss2.html, and the summary report as M2_A2_LastName_FirstInitial.doc and submit them to the Submissions Area.

Assignment 2 Grading CriteriaMaximum PointsCreated the first external style sheet and formatted it as per the assignment instructions using text editor.24Created the second external style sheet and formatted it as per the assignment instructions using text editor.24Created a web page about a movie that displays the movie name as per the assignment instructions using a text editor or an HTML editor; validated the website using the W3C validator.24Submitted a summary report including the changes you made to the website for management.8Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources; displayed accurate spelling, grammar, and punctuation. Wrote all citations in APA format.20Total:100 

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