You might have heard about Disney’s recent release of Mulan on its streaming platform Disney+.

Read this article and make TWO POSTS before as follows:

https://www.forbes.com/sites/enriquedans/2020/09/01/disney-takes-a-gamble-on-price-elasticity-withmulan/#5ee5936823d9

Post 1. What are the justifications for Disney to set the price for streaming of the movie at $30 on top of the Disney+ subscription fee $7? Explain in 50-100 words. This post will be assessed as an original contribution. There is no need to finish this post with a question.

Post 2. Do you think the price elasticity of demand for Mulan is elastic or inelastic? Discuss it in 100-150 words.

Find two positive integers such that the sum of the first number and four times the second number is 100 and the product of the numbers is as large as possible.

please double check answer

Using the following data set:

100, 50, 20, 70, 200, 30, 130

Apply the selection sort algorithm [Show the first four iterations only]

Imagine you consume two goods, X and Y, and your utility function is U = XY. Your budget is $100, the price of Good X is $4, and the price of Good Y is $25. So, the optimal bundle for you to consume is (12.5, 2). Now the price of good X increases to $10. The compensated price bundle is (7.91, 3.16). What is the income effect on X?

The demand and supply curves of physician service is given by the equations -- Demand curve: Q_d= 500 – 3.0 P and Supply curve: Q_s = -100 + 1.8 P in absence of insurance. If insurance is introduced with 40% coinsurance, market price and quantity after the introduction of insurance would be

QD= 8000-2PX+0.4I+2PY-4PZ

A - What are the intercepts and slope of your demand curve? price intercept and the quantity intercept and the slope

B - the price of good X is $100, what is the quantity demanded?

C - Now suppose the price of good Y rises to $150. What would happen to your demand curve? What are the price intercept, quantity intercept and slope?

Short questions:

a. A firm has production function f(K, L) = 2L + 3K. The price of L is w and the price of K is r. Derive the cost function of the firm.

b. A firm in a competitive industry takes account of the fact that the demand curve it faces has a negative slope. True or false?

c. A profit-maximizing firm continues to operate even though makes negative profits. It sells its product at a price of $100. Which of the following statements are certainly true?

○ Marginal cost is everywhere increasing.

○ Average fixed cost is less than $100.

○ Average total cost is more than $100.

○ Average variable cost is less than $100.

○ Marginal cost is decreasing.

d. The area under the marginal cost curve measures total variable costs. True or false?

e. If the average cost curve is U-shaped, then the marginal cost curve must cross the average cost curve at the bottom of the U. True or false?

f. As long as the marginal cost of production is greater than the average variable cost, the average variable cost is increasing. True or false?

1. Let X denote the distance (in meters) that an animal moves from its birth site to the first territorial vacancy it encounters. Suppose that for banner-tailed kangaroo rats, X has an exponential distribution with parameter θ = 72.46. Find the probability that the distance is:

   a) at most 100 meters b) at most 200 meters

   c) between 100 and 200 meters

Consider a fictional price index, the College Student Price Index (CSPI), based on a typical college student’s annual purchases. Suppose the following table shows information on the market basket for the CSPI and the prices of each of the goods in 2017, 2018, and 2019.

The cost of each item in the basket and the total cost of the basket are shown for 2017.

Perform these same calculations for 2018 and 2019, and enter the results in the following table.

Suppose the base year for this price index is 2017.

In the last row of the table, calculate and enter the value of the CSPI for the remaining years.

Between 2017 and 2018, the CSPI increased by

. Between 2018 and 2019, the CSPI increased by

.

Which of the following, if true, would illustrate why price indexes such as the CSPI might overstate inflation in the cost of going to college? Check all that apply.

Professors required each student to buy 10 notebooks, regardless of the price.

A new mobile device for personal computing became available for purchase.

As the price of calculators rose, fewer students decided to buy them, opting instead to use the free calculators in their cell phones or on their computers.

Energy drinks became increasingly popular on college campuses between 2017 and 2019 due to significant improvements in flavor, but this quality change is hard to measure.

1. You are given a choice between a Koenigsegg CCXR Trevita (with a purchase price of $4.8m) or Cheesecake made by Professor Marks’s wife, Lynne.  Ignoring everything else, you decide on the Cheesecake.  What is the opportunity cost of such selection in dollar terms?

2. Congratulations, you have three job offers.  The first job pays $72,500 / year; the second job pays $58,000 / year; and the third job pays $35,000 / year.  What is the opportunity cost for the first job?

3. Suppose you are in charge of setting prices for parking permits.  Evaluate the following data:

The Quantity Demanded for Parking Permits at $100 is 12,774; and

The Quantity Demanded for Parking Permits at $200 is 7,265.

4. Suppose you are in charge of setting prices for parking permits.  Evaluate the following data:

The Quantity Demanded for Parking Permits at $100 is 12,774; and

The Quantity Demanded for Parking Permits at $200 is 7,265.

Calculate the mid-point elasticity of demand to two decimal places.

Should you increase the price:

5. Can raising the price be considered good in the following situation:  Local businesses in reaction to a natural disaster raise prices.  As a result of this situation, some people buy several generators and then drive hundreds of miles and sell those generators at twice the price.

6. Laura Joffee Numeroff, If You Give a Mouse a Cookie, introduces to children an economic concept that impacts our lives.  Read the following excerpt:  “If you give a mouse a cookie, . . . He’s going to ask for a glass of milk . . . When you give him the milk he’ll probably ask you for a straw . . . When he’s finished, he’ll ask you for a napkin."

Assume the price of cookies decreases:

7. Laura Joffee Numeroff, If You Give a Mouse a Cookie, introduces to children an economic concept that impacts our lives.  Read the following excerpt:  “If you give a mouse a cookie, . . . He’s going to ask for a glass of milk . . . When you give him the milk he’ll probably ask you for a straw . . . When he’s finished, he’ll ask you for a napkin."

Assume the price of cookies decreases, what are the implications for Milk, which is a complementary good:

8. Laura Joffee Numeroff, If You Give a Mouse a Cookie, introduces to children an economic concept that impacts our lives.  Read the following excerpt:  “If you give a mouse a cookie, . . . He’s going to ask for a glass of milk . . . When you give him the milk he’ll probably ask you for a straw . . . When he’s finished, he’ll ask you for a napkin."

Assume the price of cookies decreases, what are the implications for Cupcakes, which is a substitute good:

Group of answer choices

Quantity Demanded for Cupcakes Increase

Demand for Cupcakes Increases

Quantity Demanded for Cupcakes Decrease

Demand for Cupcakes Decreases