A Firm Sells Its Product to Two Groups of Buyers

question 6

Multiple Choice

A firm sells its product to two groups of buyers: daytime buyers and nighttime buyers.There are 50 daytime buyers,all of whom have identical demands given by D_D in the figure below.There are 50 nighttime buyers,all of whom have identical demands given by D_N in the figure below.The firm's variable costs are constant SMC = AVC = $12) and its total fixed cost is $250,000.The marketing director must devise a two-part pricing plan that will maximize the firm's profit. How much profit will the firm earn by charging the optimal access charge and optimal access fee remember that there are 50 daytime and 50 nighttime buyers) ?

• A)$80,600
• B)$90,600
• C)$124,600
• D)$185,600
• E)$215,600

Identify and describe the functions and components of the skeletal system.

Understand the structure-function relationship in tissues and cells, including cell junctions and the extracellular matrix.

Describe the basic structural organization of the human body, from cells to organ systems.

Recognize the role of stem cells in tissue regeneration and maintenance.

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Definitions:

Nature-Nurture Issue

The ongoing debate in psychology and biology on the relative contributions of genetic predispositions (nature) and environmental factors (nurture) to human development and behavior.

Developmental Scientists

Researchers who focus on studying how humans grow and change over the course of their lives.

Active

Characterized by engagement in physical movement or activity, often associated with health and vitality.

Passive

Describing behavior that is submissive or shows a lack of active response or resistance.