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Utility & Demand

Pricing strategies including bundling

This is a conceptual problem. The number of customers and total costs are not known so it is difficult to visualized profits. Enclosed are pertinent data. Are my conclusions correct regarding how to set the prices? Is the demand graph set correctly?

Education, Taxes, Hicksian Demand

Please see the attachment. I require very specific explanations for each part. If necessary, assumptions may be made but please make these explicit and make sure they are reasonable so that I can follow what you did.

Wages, households, and childcare

Please see the attachment. I require very specific explanations for each part. If necessary, assumptions may be made but please make these explicit and make sure they are reasonable so that I can follow what you did. You can assume a utility function as long as its justified. 1. Assume the production of childcare for e

Important information about Economics of internet

Please read the following problem. I only need the answer for question G. 1. You have estimated demand for the Sand Hill Journal Online to be different for Stanford students and venture capitalists on Sand Hill Road. You are proud of having come up with the demand functions and go in to visit with your CEO. You present the

Pricing (mini case)

Times have been rough at ShtinkerToy, Inc. Yesterday was the first anniversary of its launch of its newest toy, "Thing-a-ma-bobber." It has been selling well, as predicted, but at a net loss, which was not predicted. As the newly hired vp of sales for ShtinkerToy, you were just emailed that you need to have a brief report (

Consumer behavior, income and substitution effects, Cost function

1. A student buys five new college textbooks during his first year at school at a cost of $80 each. Used books cost only $50 each. When the bookstore announces that there will be a 10% increase in the price of new books and a 5% increase in the prize of used books, the student's father offers him $40 extra. a. What happens to

Need help with these problems

OK HERE ARE THE CORRECTIONS. IN PROBLEM 2 THE ANSWER TO #1 IS $2 PER GALLON OF GAS. HE SAID USING THIS YOU COULD SOLVE THE REST OF THE PROBLEMS. I HOPE!!! PLEASE SEE ATTCHMENT

Price and Quantity - DVD Players

What do you think will happen to the price and quantity of DVD players if a. The availability of good movies to play on DVD players increases? b. Personal income increases? c. The price of inputs used to produce DVD players decreases? d. Ticket prices at local movie theaters decline substantially?

Characterize law of demand

Please help with the following problem. Provide at least 300 words in the solution. Explain the law of demand. Why does a demand curve slope downwards? Distinguish between a change in demand and a change in quantity demanded.

Monopoly regulation

Cable co: Demand curve for monthly service: P=$37.50 -$0.0005Q.This implies annual demand and marginal revenue curves of: P=$450 -$0.006Q MR=$450-$0.012Q where P is service in dollars and Q is no. of customers served.Total and marginal costs per year(before investment return) are described by the function: TC=$4,275,000+$