1. Evan is famous for his Channel on teaching long distance running. Nobody else makes such...

1. Evan is famous for his Channel on teaching long distance running. Nobody else makes such videos thus he acts as a monopolist. The marginal benefit from watching his videos to each of Evan’s audience is and the marginal cost of making each video is equal to $10. Evan is considering charging people to watch his channel. What pricing would you advise Evan to use if his goal is to maximize profits?

MB=70-4q

Group of answer choices

a. $15 for each review and a membership fee equal to $900

b. a membership fee = $450 and $10 for each review

c. Evan is better off not charging for his channel

d. $10 for each review and no membership fee

e. None of the other answers is correct

2. Celeste and Frida are getting supplies for a camping trip. Celeste’s demand curve for hot dogs is P= 10 – 2q_c. Frida’s demand curve for hot dogs is P = 8 – q_f. If one hot dog costs $2, together how many hot dogs do they buy?

3.The demand for video games is given by . Supply of video games is given by . What is the total surplus when the market is operating at the socially optimal level?

Expert Solution

Rahul Sunny answered 2 years ago

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