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D Question 14 2 pts You start a business after inventing and patenting a design for a cleaning robot. Given your patent and the unique nature of the product, your business faces no competitors. The robots are very thorough and can clean both inside and outside your house (they can mow the lawn, clean your yacht you are going to buy, etc. ) but take a considerable amount of time to do this so many families may find it advantageous to buy several. The marginal cost of production is $50 and assume there are no fixed costs. You are able to separate your customers into two groups: teen and adult. The demand curve for a teen is Q'=1,000-5P and the demand curve for an adult is QA=3,500-10P. You are pleased with the profit you would make from this venture but believe you can do better by creating club membership. People who wish to purchase a robot must first join the Skynet membership club, where individuals will pay a membership fee but be able to purchase robots at a lower price. What price should you set for adults? 50 O 75 25 100D Question 11 2 pts You start a business after inventing and patenting a design for a cleaning robot. Given your patent and the unique nature of the product, your business faces no competitors. The robots are very thorough and can clean both inside and outside your house (they can mow the lawn, clean your yacht you are going to buy, etc.) but take a considerable amount of time to do this so many families may find it advantageous to buy several. The marginal cost of production is $50 and assume there are no fixed costs. You are able to separate your customers into two groups: teen and adult. The demand curve for a teen is Q'=1,000-5P and the demand curve for an adult is QA=3,500-10P. Now imagine you open up a store and all customers have to pick up their product at the store. This. allows you to identify which group is which and charge them the correct price. Answer the following given this new information: What price will you charge adults? O 150 100 200 O 175 1 ntsD Question 15 1 pts You start a business after inventing and patenting a design for a cleaning robot. Given your patent and the unique nature of the product, your business faces no competitors. The robots are very thorough and can clean both inside and outside your house (they can mow the lawn, clean your yacht you are going to buy, etc.) but take a considerable amount of time to do this so many families may find it advantageous to buy several. The marginal cost of production is $50 and assume there are no fixed costs. You are able to separate your customers into two groups: teen and adult. The demand curve for a teen is Q =1,000-5P and the demand curve for an adult is QA=3,500-10P. You are pleased with the profit you would make from this venture but believe you can do better by creating club membership. People who wish to purchase a robot must first join the Skynet membership club, where individuals will pay a membership fee but be able to purchase robots at a lower price. What price should you set for teens? 25 75 100 50D Question 13 1 pts You start a business after inventing and patenting a design for a cleaning robot. Given your patent and the unique nature of the product, your business faces no competitors. The robots are very thorough and can clean both inside and outside your house (they can mow the lawn, clean your yacht you are going to buy, etc.) but take a considerable amount of time to do this so many families may find it advantageous to buy several. The marginal cost of production is $50 and assume there are no fixed costs. You are able to separate your customers into two groups: teen and adult. The demand curve for a teen is Q'=1,000-5P and the demand curve for an adult is QA=3,500-10P. Now imagine you open up a store and all customers have to pick up their product at the store. This allows you to identify which group is which and charge them the correct price. Answer the following given this new information: What type of price discrimination are you engaging in once your store opens? Third Degree O None of these First Degree Second DegreeD Question 12 1 pts You start a business after inventing and patenting a design for a cleaning robot. Given your patent and the unique nature of the product, your business faces no competitors. The robots are very thorough and can clean both inside and outside your house (they can mow the lawn, clean your yacht you are going to buy, etc.) but take a considerable amount of time to do this so many families may find it advantageous to buy several. The marginal cost of production is $50 and assume there are no fixed costs. You are able to separate your customers into two groups: teen and adult. The demand curve for a teen is Q =1,000-5P and the demand curve for an adult is QA=3,500-10P. Now imagine you open up a store and all customers have to pick up their product at the store. This allows you to identify which group is which and charge them the correct price. Answer the following given this new information: What price will you charge teens? O 150 125 O 100 O 75
