Katya and Polina Offer Different Types of Kayak Tours, Competing

question 25

Essay

Katya and Polina offer different types of kayak tours, competing on price. Katya faces q_D = 1,000 - 20p_D + 5p_J and constant marginal costs of $30. Polina faces q_J = 1,000 - 20p_J + 5p_D and constant marginal costs of $45. If Polina charges $50 per kayak tour, then Katya should charge _____ per kayak tour.

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Definitions:

Nondisjunction

The failure of chromosome pairs to separate properly during cell division, resulting in gametes with an abnormal number of chromosomes.

Genetic Information Nondiscrimination Act

A federal law that prohibits discrimination in health coverage and employment based on genetic information.

Human Genome Project

An international scientific research project with the goal of determining the sequence of nucleotide base pairs that make up human DNA.

SNPs

Single nucleotide polymorphisms, which are variations at a single position in a DNA sequence among individuals.