Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 6 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 04 Jun 2017 My Price 9.00

how many students you will tutor;

You are thinking about tutoring students in economics, and your research has convinced you that you face the following demand curve for your services:

Price per Hour

Number of Students

of Tutoring

Tutored per Week

_ $50

0

$40

1

$35

2

$27

3

$26

4

$20

5

$15

6

_ $15

6

Each student who hires you gets one hour of tutoring per week. You have decided that your time and effort is worth $25 per hour and that you will not tutor anyone for less than that.

a. Suppose you are wary that your students might talk to each other about the price you charge, so you decide to charge them all the same price. Determine (1) how many students you will tutor;

(2) what price you will charge; and (3) your weekly earnings from tutoring.

b. Now suppose you discover that your students don’t know each other, and you decide to perfectly price discriminate. Once again, determine

(1) how many students you will tutor;

(2) what price you will charge; and (3) your weekly earnings from tutoring. Now suppose that your city requires all tutors to get a license, at a cost of $1,300 per year ($25 per week).

c. Does it make sense for you to buy this license and be a tutor if you must charge each student the same price? Explain.

d. Does it make sense for you to buy the license and be a tutor if you can perfectly price discriminate? Explain.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 04 Jun 2017 10:06 PM My Price 9.00

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