Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Macroeconomics Expert

Let us return to the condition with two lemonade stands, but this time their locations are fixed. The first stand is situated at the middle of beach, while the second stand is situated all the way at the far (right) end of the beach. How would the two owners set their prices to raise their profits? Suppose that the beach is one mile in length, there’re 120 consumers uniformly distributed along the beach, the consumers have the travel cost of $3/mile, and the lemonades are costless to manufacture. How many types of lemonade are sold by each stand? What are the realized profits for each owner?

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M913986

Have any Question? 


Related Questions in Macroeconomics

1 describe the characteristics of a monopolistically

1) Describe the characteristics of a monopolistically competition industry. Describe why monopolistic- ally competition firms find it important to establish brand loyalty for their product and service? How do try to crea ...

Topic 1 privacy policiesmany countries require

Topic 1: Privacy Policies Many countries require organizations that collect personal information to publish a privacy policy that will outline how the company will handle and use this information. Find a copy of the priv ...

Explain the implications of marginal cost pricing and

Explain the implications of marginal cost pricing and average cost pricing. Why are these important results in a purely competitive industry? Explain.

Would need in an hoursuppose the marginal social cost of

Would need in an hour. Suppose the marginal social cost of providing health care to a person is given by the equation 20+4Q. An individual's marginal benefit of health care is 300-Q. This individual has an insurance poli ...

Banks play role in changing monetary supplya assume the

Banks play role in changing monetary supply a) Assume the bank received a cash deposit of $20,000 What is the immediate impact of this transaction on the money supply. and or its composition explain. b) Suppose that the ...

Economics assignment paragarphswrite 3 paragraphs answering

Economics Assignment Paragarphs Write 3 paragraphs answering the following questions: 1. How does each of the following relate to the financial crisis of 2007-2008: declines in real estate values, sub-prime mortgage loan ...

A large number of firms selling homogenous identical

A large number of firms selling homogenous (identical) products serve an industry. Each of the firms has the following cost structure: + 10Q + Q2, so that +2Q. The firm-level cost structure holds regardless of how many f ...

Assignmentmany leadershipmanagement training programs eg

Assignment Many leadership/management training programs (e.g. MBA degrees) are focused upon transferring quantitative/ numerical/technical skills which produce graduates with a short-run perspective who profess to have t ...

1 500-1750 western europe can be considered largely as a

1. "500-1750, Western Europe can be considered largely as a single economic system. While the location of the most advanced region or nation varied over time, this was merely change within an overall system which, can fo ...

Economic essaylate papers will get a penalty of 2pts per

ECONOMIC ESSAY Late papers will get a penalty of 2pts per day During the last part of the course, we have read two chapters from the book titled: Why nations fail. On Chapter 2 - Theories that don't work- the authors pre ...

  • 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

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

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

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen