Ask Question, Ask an Expert


Ask Microeconomics Expert

Students and Adults both like going to the football games. The demand for football tickets by students is given by qS = 60 - pS , while the demand by adults is given by the equation qA = 100 - pA. Suppose the marginal cost of of a seat is 0 and that there are no fixed costs.

(a) Suppose that the monopolist must charge a single price to students and adults. What price P M will be charged and what is the total number of tickets QM that are sold? find out the monopolist's overall profit, πM
(b) How many tickets are sold to students, qS ? How many tickets are sold to adults,
qA? find out the students' surplus and the adults' surplus.
(c) Now suppose the monopolist is allowed to charge a different price to each group. What price pS will the monopolist charge to students and how many tickets qS will the monopolist sell to students. What price pA will the monopolist charge to adults and how many tickets qA will the monopolist sell to adults?
(d) find out the students' surplus, the adults' surplus, and the overall monopoly profits.
(e) What happened to overall societal welfare as a result of the monopolist charging two prices?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M940774

Have any Question? 

Related Questions in Microeconomics

Fiscal policy modulewhich has a larger effect on aggregate


Assignmentlearning objectives covered1explain 3 ways the


Assignment 1 -i watch the videos on demand and supplythere


Discussion questionsi need 3 different discussion to be


Iowa elevatorsresponses will be in a compact format the


Assignmentyou have been asked to assist your organizations


Assignmentquestion a daoism amp confucianism as fisher


Discussion questionplease read thoroughly and provide


Assignmentioverview provide an overview consisting of a

Assignment I. Overview: Provide an overview consisting of a brief description of the chosen company, your chosen product or service, and annual sales. II. Macroeconomic Variables For this section, you will utilize macroe ...

Application evaluation of research resultsno research


  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment


Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion


Section onea in an atwood machine suppose two objects of


Part 1you work in hr for a company that operates a factory


Details on advanced accounting paperthis paper is intended


Create a provider database and related reports and queries
