Branching Program write a program to do the following: A university needs to compute the tuition of its students. They will ask for the name, the number of units the student is taking, and their residency status. R=resident , N = non- resident. The tuition to be computed as follows: non-resident students pay $100 per unit; resident students pay $50 per unit if they take 12 or units or more and $75 per unit if they take less than 12 units Users may enter upper or lower case letters (R/r or N/n) for residency. Error check the user input and output an appropriate message if the input is invalid. If the input is valid, determine the unit price, and calculate the tuition. Output student name, residency, status, number of units, part-time(<12 units) or full-time ( 12 and over units), the price per unit, and the total cost. Do not use loops.

The demand curve for karate training in a community with only two martial arts schools is P = 100 – Q, where Q is in student-lessons. The cost of providing an additional student-lesson is $8/lesson. Complete the table below for the four cases described in a-d. There are no fixed costs.

a) Both schools get together and collude to price fix at a profit maximizing level.

b) Both schools assume that the other will hold the present tuition constant despite what the competition does.

c) Both schools assume that the other will hold the present enrollment constant despite what the competition does.

d) School 1 believes school 2 will adjust to its new profit maximizing solution each time school 1 adjusts its enrollment strategy. (Show calculations below.)

PART 6: True or false and multiple-choice questions

Question 16: True or false, firms in situation of monopolistic competition have deadweight losses associated with monopoly because of barriers to entry.

Question 17: Which of the two demands functions below is most elastic

A) Qa=100-2p

B) Qb=120-p

Question 18: If a buyer values an object for $4 and a seller’s cost is $1, which of the statements below is false!

1. If a transaction takes place, total surplus will be equal to $3
2. For the exchange to occur, the price has to be equal to $2.50, no other prices will allow an exchange to occur.
3. Whenever an exchange takes place, the allocation is efficient.
4. The buyer is ready to pay up to $4 for the object

Question 19: True or false, price discrimination is inefficient.

Question 20: Which of these goods’ demand is likely to be most inelastic

1. An inhaler for asthmatic people
2. A generic soft drink brand
3. Cellphones
4. Airline tickets

You have the option to produce different versions of a product or service: high quality, or
low quality. The marginal cost to produce the low quality version is $3 and the marginal
cost to produce the high quality version is $15. There are two types of consumers Type
A and Type C with 100 consumers of each type. Each consumer will buy at most one
version of the product. These consumers have the following willingness to pay:

1. Suppose you were to offer only the low quality version. Find the optimal price and profit. Show/Explain why these are the optimal prices/profits.

2. Suppose you were to only offer the high quality version. Find the optimal price and profit. Show/Explain why these are the optimal prices/profits.

3. Suppose you offer high and low quality versions. Find the optimal prices and profit.

After recent Demogorgon invasion in Hawkins, Indiana, Will, Dustin, Lucas, Mike, and Eleven start a firm, named DemoGone, which sells Demogorgon defense kits door-to-door. These kits include, among other things, Christmas lights, a baseball bat, and upon Eleven's request, Eggo Waffles. Since nobody else knows how to defeat Demogorgons DemoGone is a Monopoly. Demand for these defense kits is Q^D = 100 - 2P Total Costs are TC₁ = 20q₁ Which imply Marginal Costs of MC₁ = 20

A) Assume that DemoGone is making profits, graph the firms profit maximization problem. Be sure to label all axes and relevant lines and curves. Also point out DemoGone's profit maximizing price and quantity as well as the socially efficient output level.

B) Calculate DemoGone's solution (i.e. the monopoly equilibrium.) How much profit is generated by that choice?

After observing the killer profit her brother's firm is making, Nancy and her rebel boyfriend Steve enter the Demogorgon Defense market selling their own, identical kit. Their firm, "What about Barb" faces the same production costs as DemoGone.

C) If "What about Barb" and DemoGone act as competing Duopolists, what is the duopoly outcome of quantities and price? What about profits?

D) If both firms were forced to price at marginal costs, what are quantities, price, and profits here?

E) If both firms perfectly colluded, what is the optimal quantity and price? Profits?

F) Is this cartel sustainable?

When you decide to go and have a dinner with your friends in a world class hotel such as the Langham hotel or Coronado Beach, perhaps you would be horrified by the high price you would have to pay for a bottle of soft drink such as Coca Cola or Pepsi Cola or wine or even bottled water. Perhaps you begin to ponder why the same commodity that you can get at a supermarket at one tenth the hotel price is going for such an astronomical price at the hotel.Of course, such facilities will have a warning such "you are not allowed to bring in your own food or drinks" posted at appropriate places in the facility for the attention of customers.In another scenario, you enter a designer shop to buy clothes with a designer label for a friend on their birthday or on Valentine day and you reckon the clothes are so much expensive compared to similar own brand clothes from a clothing or chain store, even though they may cost a similar amount to produce.

Questions

Using your knowledge
in basic economics, especially
of the concept of demand and supply, attributes of a competitive market and price elasticity of demand, briefly discuss the following

A. Why may a hotel charge such very high prices for wine, soft drinks or even bottled water and yet quite reasonable prices for food and still get away with such high prices?

B. Why are designer shops able to price their clothes so very expensive and yet still get clients even though similar clothes that are available in a supermarket chain shops cost pretty much less?

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What is the underlying concept behind future price level uncertainty?

Consider the following data that gives the quantity produced and unit price for three different goods across two different years to answer the next six questions. Assume that goods A, B and C are the economy’s entire output and that the base year is 2017.'

What was the rate of inflation between 2017 and 2018?

Group of answer choices

2.8%

26.9%

7.9%

30.1%

16.7%

Consider the following data, which show the quantities and prices of two goods produced in an economy, to answer the next three questions.

Assuming these are the only two goods produced in an economy, what is the value of the gross domestic product (GDP)?

Group of answer choices

$100 million

$750 million

$250 million

$800 million

$600 million

According to the above table, the unemployment rate in this economy is equal to

Group of answer choices

9.4%.

10.4%.

90.6%.

64.8%.

12.6%.

According to the given table, the labor force participation rate in this economy is equal to ________.

Group of answer choices

90.1%

36.9%

88.3%

11.7%

65.8%

Assume you work for the Virginia Department of Health. Your boss just came to you with one of his brilliant ideas to reduce smoking in the state. He just learned that raising the price of a good will reduce consumption of it, so he wants to impose a “sin” tax on cigarettes to reduce smoking by 1,000 packs per day. From your economic research unit, you know the inverse demand function for cigarettes P(cig)=10-4Q(cig) [paranethesis are subscripts] where P(cig) is the price of a pack of cigarettes in dollars and Qcig is the daily number of packs in thousands. A quick check at the Kwik-E-Mart tells you that the current price of cigarettes is $2 per pack.

a. Your boss said that the Republicans in the state legislator will only allow a new tax of $2 per pack to be levied, but he thinks doubling the price should be enough to achieve his goals. Explain to him why he’s wrong. As part of your explanation you should show how much a reduction in smoking, in percentage terms, would result from a 100% price increase.

b. But he argues that he achieved the same desired reduction in consumption of pink tennis balls (which contained known carcinogens), so surely it would work with cigarettes as well. Comparing and contrasting the characteristics of the two goods, explain to him why he’s wrong.

c. How high would the tax need to be to achieve his goal of a 1,000 pack reduction?

Day 1. Established a company with authorized capital – 550000 AZN. Day.2 Rented an office with monthly fee
– 4000 AZN.Day 3. Hired employees: Executive manager-1700 AZN, 3 mid chain managers – each 1100 AZN, 7
sales specialists – each 700 AZN, one warehouseman – 1100 AZN. Day 5. Obtained a warehouse for keeping goods
– 15000 AZN. Day 8. Purchased 1000 units of microprocessors by the price 70 AZN per unit.Day 10. Obtained a
small truck for transportation needs – 9000 AZN.Day 12. Purchased additionally 800 units of microprocessors by
the price 100 AZN per unit and 1200 video graphic adapters by the price 150 AZN per unit. Day 16. By the decision
of procurement and sales departments additionally purchased 1200 units of microprocessors by the price 90 AZN
per unit and 800 video graphic adapters by the price 120 AZN. Day 20. The company realized 2000 units of
microprocessors and 1500 units of video graphic adapters with 65% trade surcharge. Day 24. The company received
bill for utilities – 1200 AZN. Day 30. The company paid for all expenses including sales tax (4%). For
purchase/selling operations use FIFO method. The terms of the problem: To prepare appropriate Profit and Loss
Statement regarding above mentioned operations.To prepare appropriate Cash Flow Statement regarding above
mentioned operations.To prepare appropriate Balance Sheet Statement regarding above mentioned operations.

1. Boring, Inc. just paid a dividend of $1.50 per share on its stock. The dividends are expected to grow ata constant rate of 5 percent indefinitely. If the required return is 10% on the stock,

a. What is the current stock price (P0)?

b.What will be the price in three years (P3)?

(Hint for a and b: Use the constant dividend model)

2.The next dividend payment by Nespresso Co. will be $2.00 per share. The dividends are expected togrow at 5% forever. If the stock currently sells for $100 per share,

a. What is the required return (r)?

b. What is the dividend yield?

c. What is the capital gain yield?

3. How much are you willing to pay for one share of Salmon Brothers Co. stock today if the companyjust paid a $0.70 annual dividend, the dividends increase by 2 percent annually, and you require a 10percent rate of return? (Compute P0)

4.Netflix Corp. just paid a dividend of $1.30 per share. The dividends are expected to grow at 23% forthe next 8 years and then level off to a growth rate of 6% forever. If the required return is 12%, what isthe price of the stock today (P0)? (Hint: two-stage growth model)

5.Sally Corp. currently has an EPS of $3.00, and the benchmark PE for the company is 41. Earnings areexpected to grow at 4 percent per year.a.What is your estimate of the current stock price (P0)?b. What is the target stock price in year 4 (P4)?

PLEASE SHOW HOW YOU GOT ANSWERS!