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Posted: March 16th, 2022
Q1 What is the average willingness to pay for a single song? (Format as $0.00) _____
Q2 What is the optimal price of a song to generate the most profit? (Format as $0.00) _____
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Q3 How many songs sell at this price? (Format as number) _____
Q4 At this price, what are the maximum profits of the firm? (Format as $0.00) _____
Q5At this price, what proportion of songs with positive value are not sold? (Format as 0.00%) _____
Q6For all songs that are sold, how much consumer surplus do consumers keep? (Format as $0.00) _____
No matter what citation style you need for your research paper or dissertation, our skilled writers have you covered! We provide thesis writing and dissertation help in formats like APA, AMA, MLA, Turabian, Harvard, IEEE, and more. We’re dedicated to customizing your order to the exact guidelines of your chosen style, ensuring it fits your unique academic needs—whether it’s a dissertation, research paper, or essay for a specific course. We’ve got the flexibility to make it work for you!
Q7How much social value is not created? This is also called ‘value of unsold items’ or the ‘missing surpluses. (Uncaptured consumer surplus or Total WTP of those consumers who are ready to pay a non-negative price) (Format as $0.00) _____
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