Answer:
Club membership fee of $60 would maximize profit.
If the club charges tow part pricing the maximum revenue can be $3500.
Explanation:
Joe has entered into a monopoly because he is owner of single golf course in the Northlands.
Demand function for Joe's golf course is:
P = 160 - 2q
P = $20 , q = 50
160 - 2 (50) = 60
Consumer surplus = 0.5 * equilibrium quantity
Consumer Surplus for Joe is ; 0.5 * 50 (160 - 20) = $3500
If MR = MC then demand function will become :
160 - 4q
If q = 25 then
160 - 4 * 25 = 60
<span>As you develop your resume, think “advertisement,” not “autobiography.” The idea is not to provide every minute detail of your life and career but to distill your life and career to the concise points that will sell you to an employer. As a sales tool, your resume should focus on accomplishments, not responsibilities/duties and should stick to information that is relevant to how well you can perform a given job — as opposed to irrelevant personal details.
</span>
A company that provides other companies or individuals with access to, or presence on, the internet is an Internet Service Provider (ISP). An Internet Service Provider (ISP) has the equipment required to have a POP on the internet for the geographic area served. An Internet Service Provider (ISP) is an organization that provides services for accessing, using, or participating in the internet.
C or B is correct. I would lean towards C, but realistically it could be B.
Answer:
1.4
Explanation:
Given that
Q1 = 200
P1 = $200
Q2 = 300
P2 = $ 150
Recall that
Midpoint formula = Q2 - Q1/(Q2 + Q1)/2 ÷ P2 - P1/(P2 + P1)/2
= 300 - 200/(300 + 200)/2 ÷ 150 - 200/(150 + 200)/2
= 100/250 ÷ -50/175
= 0.4 ÷ 0.285
= 1.4