A. What is the price of a lesson and the quantity of lessons booked per week?

B. Compute the consumer surplus of people booking tennis lessons (per week). Show graphically which area the consumer surplus reflects (this does not need to be scaled correctly - just a sketch with appropriately labeled lines and axes is sufficient).

Now suppose that all tennis coaches in Venice form an association, and they now coordinate on pricing. The cost per lesson is unchanged.

C. What is the profit-maximizing price per lesson that the tennis coach association should charge? What is the corresponding number of lessons that will be booked each week in total?

D. Compute the consumer surplus of people booking tennis lessons (per week) under this new pricing. What is the deadweight loss? Show graphically which area the consumer surplus and deadweight loss reflect (just a sketch with appropriately labeled lines and axes is sufficient).

E. The city now introduces a weekly fee of $5,000 that the Venice tennis coach association has to pay for the use of the tennis courts (independent of how many lessons are being offered). How does this fee affect the price per lesson that the association charges? Should the association continue to offer lessons in the long run?

old Question 59 of 75. Travis operates a consulting business. He uses his personal credit card for both business and personal uses. The total finance charges paid for the year were $957. Travis' total business charges on this card were 41% of all charges. What amount of interest expenses can be deducted on Travis' Schedule C? O $957 O $565 $392 10 Mark for follow upHomework: HW4: Chapter 3 m Score: 0 of 1 pt 10 of 25 (15 complete) HW Score: 29.33% itil y 3.3.13 I Quest Graph the given function. Give the intercepts and state the range. y = f(x)= x -6x +8 Use the graphing tool to graph the function. orke Click to enlarge graph stio stion stion ition tion ition tion Click the graph, choose a tool in the palette and follow the instructions to create your graph. partsHome Homework: HW4: Chapter 3 Score: 0 of 1 pt 11 of 25 (15 complete) HW Score: 29.33%, 7 Until y 3.3.15 Questic Graph the given function. Give the intercepts and state the range y = [(x)= - 2x - 6x Use the graphing tool to graph the function. Worke ent Soo Click to enlarge ipts graph estion lestion estion estion estion estion estion Click the graph, choose a tool in the palette and follow the instructions to create your graph 2 parts remaining Clear All Check AnswerThe component of the capital and financial account include: (select the best choice) universal transfers. balance of trade. universal transfers and direct foreign investment. e balance of trade and direct foreign investment. direct foreign investment. balance of trade and universal transfers