What is the Break-Even Price and Quantity for Selfie Sticks for the graph above? What is the Minimum Price the firm above would except for selfie sticks?

Assignment 7 Chapter 8

Output in Thousands of Selfie Sticks

Identify the Profit Maximizing Quantity for a price of $13 . What is the profit or loss at this Price?

What is the Break-Even Price and Quantity for Selfie Sticks for the graph above?

What is the Minimum Price the firm above would except for selfie sticks?

Assignment 8 Chapter 9
Output in Thousands of Tennis Shoes
What is the profit maximizing quantity and price for the monopolist above?
How much profit is the firm earning at the profit maximizing point?
Assignment 9 Chapter 9

Given the average total cost of supplying a movie is $4.00 and the information below in the table, determine what price the movie theater would charge under 2 conditions:

Select 1 price to charge all three groups

$5 $6 $7

Charging 3 different prices .

Type of Customer
Number in each market
Max Willing to Pay
Students
2000
$6.00
Adults
1250
$7.00
Seniors
750
$5.00

Assignment 10 Chapter 10
Given the Payoff Matrix below, determine:
What is the solution to the game?

Does either business firm have a dominant strategy?

Moos

Quarks

High
Medium
Low
High
70,70
40,35
80,10
Medium
35,40
35,35
40,20
Low
10,80
20,40
25,25

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