Suppose that the tennis coaches compete for lessons, and they do not coordinate with each other.

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 dead weight loss? Show graphically which area the consumer surplus and dead weight 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?

C. Assume that variable and marginal costs are 20% higher in New York than in San Antonio, and that the own price elasticity of demand is -3 in New York and -4 in San Antonio. If the two locations are pricing optimally, by what percentage would we expect prices in New York to exceed those in San Antonio? In your analyst report, what recommendation on pricing would you offer to management in order to enhance shareholder returns? (Hint: if X is 10% greater than Y, then X/Y = 1.1. Set the problem up as a ratio, just like this, and then use the markup equation for each city.)Calculate compound interest Question An account is opened with an initial deposit of $5,500 and earns 2.5% interest compounded annually. What will the account be worth in 10 years? Round your answer to the nearest dollar. Provide your answer below:Determine the category of financial benefits or costs for each scenario given in the following table. The category available: tangible benefit, intangible benefit. one-time-cost, and recurring cost. Reminder: Please separate each answer into a different line and include relevant label in front of your answer Example: a. Intangible benefit b. Intangible benefit C. Intangible benefit d. Intangible benefit No. Scenario Category Example Increased organizational flexibility Intangible benefit A. New hardware and software purchases b. Application software maintenance C. Cost and error reduction d. Faster decision makingUnder a Homeowners 3 (H03) policy Tunde's personal property is covered to a $100,000 limit. This includes some things at her beach cottage. What is the limit of coverage for personal property at the cottage? If? 1 - $10,000 "77" 2- $20,000 7'.\"- 3- $40,000 'F 4 $50,000