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(Y=2) a) Heizer Inc. is a manufacturer of computer games which serves 2 different markets : The US and The Europe. The elasticity of demand
(Y=2) a) Heizer Inc. is a manufacturer of computer games which serves 2 different markets : The US and The Europe. The elasticity of demand in the European market is -1.2Y (-1.2 is multiplied by Y) whereas in the US market, the elasticity is -2.4. If the price in the European market is $50, what should be the price in the US market for the Heizer Inc. to maximize total profit? b) Y= the sum of last two digits of your Bilgi ID number.If it is zero, use "1" instead. A detergent firm considers selling its 2 types of detergents in a bundle. If the average cost of the firm for these detergents is $10 per unit and there are 2 types of customers with the following reservation prices, calculate the price of the bundle and the profit from pure bundling. Customer 2 Customer 1 Y+8 10 15 Detergent A Detergent B 20 c) Y= the sum of last digit of your Bilgi ID number.If it is zero, use "1" instead. The Circle Inc. is a monopolist in single-engine plane manufacturing industry. The industry has an elasticity of -2Y and The Circle charges $50,000 for a plane. Calculate the marginal cost of The Circle
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