Deck 34: A: Information Technology

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Question
Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p1 in the first year and p2 in the second year. After the first year, bookstores buy back used copies for <strong>Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p<sub>1</sub> in the first year and p<sub>2</sub> in the second year. After the first year, bookstores buy back used copies for   and resell them to students in the second year for p<sub>2</sub>. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p<sub>1</sub> -   . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 80,000 - 1,000v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 80,000 - 5,000w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 75,000 - 1,000p. If the publisher sets a price of p<sub>1</sub> in the first year and p<sub>2</sub> <= p<sub>1</sub> in the second year, then the total number of copies of the book that the publisher sells over the two years will be</strong> A) 160,000 - 1,000p<sub>1</sub> - 1,000p<sub>2</sub>. B) 160,000 - 1,000(p<sub>1</sub> -). C) 160,000 - 3,000p<sub>2</sub>. D) 155,000 - 1,000(p<sub>1</sub> +). E) 155,000 - 1,500p<sub>2</sub>. <div style=padding-top: 35px> and resell them to students in the second year for p2. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p1 - <strong>Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p<sub>1</sub> in the first year and p<sub>2</sub> in the second year. After the first year, bookstores buy back used copies for   and resell them to students in the second year for p<sub>2</sub>. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p<sub>1</sub> -   . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 80,000 - 1,000v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 80,000 - 5,000w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 75,000 - 1,000p. If the publisher sets a price of p<sub>1</sub> in the first year and p<sub>2</sub> <= p<sub>1</sub> in the second year, then the total number of copies of the book that the publisher sells over the two years will be</strong> A) 160,000 - 1,000p<sub>1</sub> - 1,000p<sub>2</sub>. B) 160,000 - 1,000(p<sub>1</sub> -). C) 160,000 - 3,000p<sub>2</sub>. D) 155,000 - 1,000(p<sub>1</sub> +). E) 155,000 - 1,500p<sub>2</sub>. <div style=padding-top: 35px> . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 80,000 - 1,000v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 80,000 - 5,000w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 75,000 - 1,000p. If the publisher sets a price of p1 in the first year and p2 <= p1 in the second year, then the total number of copies of the book that the publisher sells over the two years will be

A) 160,000 - 1,000p1 - 1,000p2.
B) 160,000 - 1,000(p1 -).
C) 160,000 - 3,000p2.
D) 155,000 - 1,000(p1 +).
E) 155,000 - 1,500p2.
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Question
If the demand function for the DoorKnobs operating system is related to perceived market share s and actual market share x by the equation p = 512s(1 - x), then in the long run, the highest price at which DoorKnobs could sustain a market share of <strong>If the demand function for the DoorKnobs operating system is related to perceived market share s and actual market share x by the equation p = 512s(1 - x), then in the long run, the highest price at which DoorKnobs could sustain a market share of   is</strong> A) $96. B) $256. C) $113.78. D) $128. E) $81.92. <div style=padding-top: 35px> is

A) $96.
B) $256.
C) $113.78.
D) $128.
E) $81.92.
Question
Eleven consumers are trying to decide whether to connect to a new communications network. Consumer 1 is of type 1, consumer 2 is of type 2, consumer 3 is of type 3, and so on. Where k is the number of consumers connected to the network (including oneself), a consumer of type n has a willingness to pay to belong to this network equal to k times n. What is the highest price at which 4 consumers could all connect to the network and either make a profit or at least break even?

A) $24
B) $64
C) $40
D) $28
E) $32
Question
Eleven consumers are trying to decide whether to connect to a new communications network. Consumer 1 is of type 1, consumer 2 is of type 2, consumer 3 is of type 3, and so on. Where k is the number of consumers connected to the network (including oneself), a consumer of type n has a willingness to pay to belong to this network equal to k times n. What is the highest price at which 11 consumers could all connect to the network and either make a profit or at least break even?

A) $12
B) $10
C) $1
D) $0
E) $11
Question
Eleven consumers are trying to decide whether to connect to a new communications network. Consumer 1 is of type 1, consumer 2 is of type 2, consumer 3 is of type 3, and so on. Where k is the number of consumers connected to the network (including oneself), a consumer of type n has a willingness to pay to belong to this network equal to k times n. What is the highest price at which 9 consumers could all connect to the network and either make a profit or at least break even?

A) $30
B) $9
C) $18
D) $24
E) $27
Question
If the demand function for the DoorKnobs operating system is related to perceived market share s and actual market share x by the equation p = 512s(1 - x), then in the long run, the highest price at which DoorKnobs could sustain a market share of <strong>If the demand function for the DoorKnobs operating system is related to perceived market share s and actual market share x by the equation p = 512s(1 - x), then in the long run, the highest price at which DoorKnobs could sustain a market share of   is</strong> A) $256. B) $113.78. C) $96. D) $128. E) $81.92. <div style=padding-top: 35px> is

A) $256.
B) $113.78.
C) $96.
D) $128.
E) $81.92.
Question
If the demand function for the DoorKnobs operating system is related to perceived market share s and actual market share x by the equation p = 512s(1 - x), then in the long run, the highest price at which DoorKnobs could sustain a market share of <strong>If the demand function for the DoorKnobs operating system is related to perceived market share s and actual market share x by the equation p = 512s(1 - x), then in the long run, the highest price at which DoorKnobs could sustain a market share of   is</strong> A) $96. B) $128. C) $256. D) $113.78. E) $81.92. <div style=padding-top: 35px> is

A) $96.
B) $128.
C) $256.
D) $113.78.
E) $81.92.
Question
Eleven consumers are trying to decide whether to connect to a new communications network. Consumer 1 is of type 1, consumer 2 is of type 2, consumer 3 is of type 3, and so on. Where k is the number of consumers connected to the network (including oneself), a consumer of type n has a willingness to pay to belong to this network equal to k times n. What is the highest price at which 4 consumers could all connect to the network and either make a profit or at least break even?

A) $24
B) $40
C) $64
D) $28
E) $32
Question
Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p1 in the first year and p2 in the second year. After the first year, bookstores buy back used copies for <strong>Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p<sub>1</sub> in the first year and p<sub>2</sub> in the second year. After the first year, bookstores buy back used copies for   and resell them to students in the second year for p<sub>2</sub>. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p<sub>1</sub> -   . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 60,000 - 1,000v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 60,000 - 5,000w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 45,000 - 1,000p. If the publisher sets a price of p<sub>1</sub> in the first year and p<sub>2</sub> <= p<sub>1</sub> in the second year, then the total number of copies of the book that the publisher sells over the two years will be</strong> A) 120,000 - 3,000p<sub>2</sub>. B) 120,000 - 1,000(p<sub>1</sub> -). C) 120,000 - 1,000p<sub>1</sub> - 1,000p<sub>2</sub>. D) 105,000 - 1,000(p<sub>1</sub> +). E) 105,000 - 1,500p<sub>2</sub>. <div style=padding-top: 35px> and resell them to students in the second year for p2. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p1 - <strong>Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p<sub>1</sub> in the first year and p<sub>2</sub> in the second year. After the first year, bookstores buy back used copies for   and resell them to students in the second year for p<sub>2</sub>. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p<sub>1</sub> -   . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 60,000 - 1,000v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 60,000 - 5,000w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 45,000 - 1,000p. If the publisher sets a price of p<sub>1</sub> in the first year and p<sub>2</sub> <= p<sub>1</sub> in the second year, then the total number of copies of the book that the publisher sells over the two years will be</strong> A) 120,000 - 3,000p<sub>2</sub>. B) 120,000 - 1,000(p<sub>1</sub> -). C) 120,000 - 1,000p<sub>1</sub> - 1,000p<sub>2</sub>. D) 105,000 - 1,000(p<sub>1</sub> +). E) 105,000 - 1,500p<sub>2</sub>. <div style=padding-top: 35px> . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 60,000 - 1,000v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 60,000 - 5,000w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 45,000 - 1,000p. If the publisher sets a price of p1 in the first year and p2 <= p1 in the second year, then the total number of copies of the book that the publisher sells over the two years will be

A) 120,000 - 3,000p2.
B) 120,000 - 1,000(p1 -).
C) 120,000 - 1,000p1 - 1,000p2.
D) 105,000 - 1,000(p1 +).
E) 105,000 - 1,500p2.
Question
Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p1 in the first year and p2 in the second year. After the first year, bookstores buy back used copies for <strong>Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p<sub>1</sub> in the first year and p<sub>2</sub> in the second year. After the first year, bookstores buy back used copies for   and resell them to students in the second year for p<sub>2</sub>. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p<sub>1</sub> -   . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 50,000 - 1,500v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 50,000 - 7,500w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 45,000 - 1,500p. If the publisher sets a price of p<sub>1</sub> in the first year and p<sub>2</sub> <= p<sub>1</sub> in the second year, then the total number of copies of the book that the publisher sells over the two years will be</strong> A) 100,000 - 1,500p<sub>1</sub> - 1,500p<sub>2</sub>. B) 100,000 - 1,500(p<sub>1</sub> -). C) 95,000 - 1,500(p<sub>1</sub> +). D) 100,000 - 4,500p<sub>2</sub>. E) 95,000 - 2,250p<sub>2</sub>. <div style=padding-top: 35px> and resell them to students in the second year for p2. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p1 - <strong>Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p<sub>1</sub> in the first year and p<sub>2</sub> in the second year. After the first year, bookstores buy back used copies for   and resell them to students in the second year for p<sub>2</sub>. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p<sub>1</sub> -   . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 50,000 - 1,500v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 50,000 - 7,500w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 45,000 - 1,500p. If the publisher sets a price of p<sub>1</sub> in the first year and p<sub>2</sub> <= p<sub>1</sub> in the second year, then the total number of copies of the book that the publisher sells over the two years will be</strong> A) 100,000 - 1,500p<sub>1</sub> - 1,500p<sub>2</sub>. B) 100,000 - 1,500(p<sub>1</sub> -). C) 95,000 - 1,500(p<sub>1</sub> +). D) 100,000 - 4,500p<sub>2</sub>. E) 95,000 - 2,250p<sub>2</sub>. <div style=padding-top: 35px> . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 50,000 - 1,500v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 50,000 - 7,500w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 45,000 - 1,500p. If the publisher sets a price of p1 in the first year and p2 <= p1 in the second year, then the total number of copies of the book that the publisher sells over the two years will be

A) 100,000 - 1,500p1 - 1,500p2.
B) 100,000 - 1,500(p1 -).
C) 95,000 - 1,500(p1 +).
D) 100,000 - 4,500p2.
E) 95,000 - 2,250p2.
Question
If the demand function for the DoorKnobs operating system is related to perceived market share s and actual market share x by the equation p = 512s(1 - x), then in the long run, the highest price at which DoorKnobs could sustain a market share of <strong>If the demand function for the DoorKnobs operating system is related to perceived market share s and actual market share x by the equation p = 512s(1 - x), then in the long run, the highest price at which DoorKnobs could sustain a market share of   is</strong> A) $113.78. B) $128. C) $256. D) $96. E) $81.92. <div style=padding-top: 35px> is

A) $113.78.
B) $128.
C) $256.
D) $96.
E) $81.92.
Question
Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p1 in the first year and p2 in the second year. After the first year, bookstores buy back used copies for <strong>Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p<sub>1</sub> in the first year and p<sub>2</sub> in the second year. After the first year, bookstores buy back used copies for   and resell them to students in the second year for p<sub>2</sub>. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p<sub>1</sub> -   . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 50,000 - 500v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 50,000 - 2,500w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 30,000 - 500p. If the publisher sets a price of p<sub>1</sub> in the first year and p<sub>2</sub> <= p<sub>1</sub> in the second year, then the total number of copies of the book that the publisher sells over the two years will be</strong> A) 100,000 - 500(p<sub>1</sub> -). B) 80,000 - 500(p<sub>1</sub> +). C) 100,000 - 500p<sub>1</sub> - 500p<sub>2</sub>. D) 100,000 - 1,500p<sub>2</sub>. E) 80,000 - 750p<sub>2</sub>. <div style=padding-top: 35px> and resell them to students in the second year for p2. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p1 - <strong>Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p<sub>1</sub> in the first year and p<sub>2</sub> in the second year. After the first year, bookstores buy back used copies for   and resell them to students in the second year for p<sub>2</sub>. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p<sub>1</sub> -   . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 50,000 - 500v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 50,000 - 2,500w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 30,000 - 500p. If the publisher sets a price of p<sub>1</sub> in the first year and p<sub>2</sub> <= p<sub>1</sub> in the second year, then the total number of copies of the book that the publisher sells over the two years will be</strong> A) 100,000 - 500(p<sub>1</sub> -). B) 80,000 - 500(p<sub>1</sub> +). C) 100,000 - 500p<sub>1</sub> - 500p<sub>2</sub>. D) 100,000 - 1,500p<sub>2</sub>. E) 80,000 - 750p<sub>2</sub>. <div style=padding-top: 35px> . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 50,000 - 500v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 50,000 - 2,500w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 30,000 - 500p. If the publisher sets a price of p1 in the first year and p2 <= p1 in the second year, then the total number of copies of the book that the publisher sells over the two years will be

A) 100,000 - 500(p1 -).
B) 80,000 - 500(p1 +).
C) 100,000 - 500p1 - 500p2.
D) 100,000 - 1,500p2.
E) 80,000 - 750p2.
Question
If the demand function for the DoorKnobs operating system is related to perceived market share s and actual market share x by the equation p = 512s(1 - x), then in the long run, the highest price at which DoorKnobs could sustain a market share of <strong>If the demand function for the DoorKnobs operating system is related to perceived market share s and actual market share x by the equation p = 512s(1 - x), then in the long run, the highest price at which DoorKnobs could sustain a market share of   is</strong> A) $256. B) $128. C) $113.78. D) $96. E) $81.92. <div style=padding-top: 35px> is

A) $256.
B) $128.
C) $113.78.
D) $96.
E) $81.92.
Question
Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p1 in the first year and p2 in the second year. After the first year, bookstores buy back used copies for <strong>Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p<sub>1</sub> in the first year and p<sub>2</sub> in the second year. After the first year, bookstores buy back used copies for   and resell them to students in the second year for p<sub>2</sub>. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p<sub>1</sub> -   . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 60,000 - 500v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 60,000 - 2,500w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 40,000 - 500p. If the publisher sets a price of p<sub>1</sub> in the first year and p<sub>2</sub> <= p<sub>1</sub> in the second year, then the total number of copies of the book that the publisher sells over the two years will be</strong> A) 120,000 - 1,500p<sub>2</sub>. B) 120,000 - 500p<sub>1</sub> - 500p<sub>2</sub>. C) 120,000 - 500(p<sub>1</sub> -). D) 100,000 - 500(p<sub>1</sub> +). E) 100,000 - 750p<sub>2</sub>. <div style=padding-top: 35px> and resell them to students in the second year for p2. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p1 - <strong>Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p<sub>1</sub> in the first year and p<sub>2</sub> in the second year. After the first year, bookstores buy back used copies for   and resell them to students in the second year for p<sub>2</sub>. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p<sub>1</sub> -   . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 60,000 - 500v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 60,000 - 2,500w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 40,000 - 500p. If the publisher sets a price of p<sub>1</sub> in the first year and p<sub>2</sub> <= p<sub>1</sub> in the second year, then the total number of copies of the book that the publisher sells over the two years will be</strong> A) 120,000 - 1,500p<sub>2</sub>. B) 120,000 - 500p<sub>1</sub> - 500p<sub>2</sub>. C) 120,000 - 500(p<sub>1</sub> -). D) 100,000 - 500(p<sub>1</sub> +). E) 100,000 - 750p<sub>2</sub>. <div style=padding-top: 35px> . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 60,000 - 500v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 60,000 - 2,500w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 40,000 - 500p. If the publisher sets a price of p1 in the first year and p2 <= p1 in the second year, then the total number of copies of the book that the publisher sells over the two years will be

A) 120,000 - 1,500p2.
B) 120,000 - 500p1 - 500p2.
C) 120,000 - 500(p1 -).
D) 100,000 - 500(p1 +).
E) 100,000 - 750p2.
Question
Eleven consumers are trying to decide whether to connect to a new communications network. Consumer 1 is of type 1, consumer 2 is of type 2, consumer 3 is of type 3, and so on. Where k is the number of consumers connected to the network (including oneself), a consumer of type n has a willingness to pay to belong to this network equal to k times n. What is the highest price at which 5 consumers could all connect to the network and either make a profit or at least break even?

A) $49
B) $30
C) $42
D) $28
E) $35
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Deck 34: A: Information Technology
1
Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p1 in the first year and p2 in the second year. After the first year, bookstores buy back used copies for <strong>Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p<sub>1</sub> in the first year and p<sub>2</sub> in the second year. After the first year, bookstores buy back used copies for   and resell them to students in the second year for p<sub>2</sub>. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p<sub>1</sub> -   . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 80,000 - 1,000v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 80,000 - 5,000w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 75,000 - 1,000p. If the publisher sets a price of p<sub>1</sub> in the first year and p<sub>2</sub> <= p<sub>1</sub> in the second year, then the total number of copies of the book that the publisher sells over the two years will be</strong> A) 160,000 - 1,000p<sub>1</sub> - 1,000p<sub>2</sub>. B) 160,000 - 1,000(p<sub>1</sub> -). C) 160,000 - 3,000p<sub>2</sub>. D) 155,000 - 1,000(p<sub>1</sub> +). E) 155,000 - 1,500p<sub>2</sub>. and resell them to students in the second year for p2. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p1 - <strong>Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p<sub>1</sub> in the first year and p<sub>2</sub> in the second year. After the first year, bookstores buy back used copies for   and resell them to students in the second year for p<sub>2</sub>. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p<sub>1</sub> -   . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 80,000 - 1,000v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 80,000 - 5,000w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 75,000 - 1,000p. If the publisher sets a price of p<sub>1</sub> in the first year and p<sub>2</sub> <= p<sub>1</sub> in the second year, then the total number of copies of the book that the publisher sells over the two years will be</strong> A) 160,000 - 1,000p<sub>1</sub> - 1,000p<sub>2</sub>. B) 160,000 - 1,000(p<sub>1</sub> -). C) 160,000 - 3,000p<sub>2</sub>. D) 155,000 - 1,000(p<sub>1</sub> +). E) 155,000 - 1,500p<sub>2</sub>. . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 80,000 - 1,000v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 80,000 - 5,000w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 75,000 - 1,000p. If the publisher sets a price of p1 in the first year and p2 <= p1 in the second year, then the total number of copies of the book that the publisher sells over the two years will be

A) 160,000 - 1,000p1 - 1,000p2.
B) 160,000 - 1,000(p1 -).
C) 160,000 - 3,000p2.
D) 155,000 - 1,000(p1 +).
E) 155,000 - 1,500p2.
D
2
If the demand function for the DoorKnobs operating system is related to perceived market share s and actual market share x by the equation p = 512s(1 - x), then in the long run, the highest price at which DoorKnobs could sustain a market share of <strong>If the demand function for the DoorKnobs operating system is related to perceived market share s and actual market share x by the equation p = 512s(1 - x), then in the long run, the highest price at which DoorKnobs could sustain a market share of   is</strong> A) $96. B) $256. C) $113.78. D) $128. E) $81.92. is

A) $96.
B) $256.
C) $113.78.
D) $128.
E) $81.92.
E
3
Eleven consumers are trying to decide whether to connect to a new communications network. Consumer 1 is of type 1, consumer 2 is of type 2, consumer 3 is of type 3, and so on. Where k is the number of consumers connected to the network (including oneself), a consumer of type n has a willingness to pay to belong to this network equal to k times n. What is the highest price at which 4 consumers could all connect to the network and either make a profit or at least break even?

A) $24
B) $64
C) $40
D) $28
E) $32
E
4
Eleven consumers are trying to decide whether to connect to a new communications network. Consumer 1 is of type 1, consumer 2 is of type 2, consumer 3 is of type 3, and so on. Where k is the number of consumers connected to the network (including oneself), a consumer of type n has a willingness to pay to belong to this network equal to k times n. What is the highest price at which 11 consumers could all connect to the network and either make a profit or at least break even?

A) $12
B) $10
C) $1
D) $0
E) $11
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5
Eleven consumers are trying to decide whether to connect to a new communications network. Consumer 1 is of type 1, consumer 2 is of type 2, consumer 3 is of type 3, and so on. Where k is the number of consumers connected to the network (including oneself), a consumer of type n has a willingness to pay to belong to this network equal to k times n. What is the highest price at which 9 consumers could all connect to the network and either make a profit or at least break even?

A) $30
B) $9
C) $18
D) $24
E) $27
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6
If the demand function for the DoorKnobs operating system is related to perceived market share s and actual market share x by the equation p = 512s(1 - x), then in the long run, the highest price at which DoorKnobs could sustain a market share of <strong>If the demand function for the DoorKnobs operating system is related to perceived market share s and actual market share x by the equation p = 512s(1 - x), then in the long run, the highest price at which DoorKnobs could sustain a market share of   is</strong> A) $256. B) $113.78. C) $96. D) $128. E) $81.92. is

A) $256.
B) $113.78.
C) $96.
D) $128.
E) $81.92.
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7
If the demand function for the DoorKnobs operating system is related to perceived market share s and actual market share x by the equation p = 512s(1 - x), then in the long run, the highest price at which DoorKnobs could sustain a market share of <strong>If the demand function for the DoorKnobs operating system is related to perceived market share s and actual market share x by the equation p = 512s(1 - x), then in the long run, the highest price at which DoorKnobs could sustain a market share of   is</strong> A) $96. B) $128. C) $256. D) $113.78. E) $81.92. is

A) $96.
B) $128.
C) $256.
D) $113.78.
E) $81.92.
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8
Eleven consumers are trying to decide whether to connect to a new communications network. Consumer 1 is of type 1, consumer 2 is of type 2, consumer 3 is of type 3, and so on. Where k is the number of consumers connected to the network (including oneself), a consumer of type n has a willingness to pay to belong to this network equal to k times n. What is the highest price at which 4 consumers could all connect to the network and either make a profit or at least break even?

A) $24
B) $40
C) $64
D) $28
E) $32
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9
Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p1 in the first year and p2 in the second year. After the first year, bookstores buy back used copies for <strong>Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p<sub>1</sub> in the first year and p<sub>2</sub> in the second year. After the first year, bookstores buy back used copies for   and resell them to students in the second year for p<sub>2</sub>. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p<sub>1</sub> -   . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 60,000 - 1,000v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 60,000 - 5,000w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 45,000 - 1,000p. If the publisher sets a price of p<sub>1</sub> in the first year and p<sub>2</sub> <= p<sub>1</sub> in the second year, then the total number of copies of the book that the publisher sells over the two years will be</strong> A) 120,000 - 3,000p<sub>2</sub>. B) 120,000 - 1,000(p<sub>1</sub> -). C) 120,000 - 1,000p<sub>1</sub> - 1,000p<sub>2</sub>. D) 105,000 - 1,000(p<sub>1</sub> +). E) 105,000 - 1,500p<sub>2</sub>. and resell them to students in the second year for p2. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p1 - <strong>Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p<sub>1</sub> in the first year and p<sub>2</sub> in the second year. After the first year, bookstores buy back used copies for   and resell them to students in the second year for p<sub>2</sub>. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p<sub>1</sub> -   . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 60,000 - 1,000v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 60,000 - 5,000w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 45,000 - 1,000p. If the publisher sets a price of p<sub>1</sub> in the first year and p<sub>2</sub> <= p<sub>1</sub> in the second year, then the total number of copies of the book that the publisher sells over the two years will be</strong> A) 120,000 - 3,000p<sub>2</sub>. B) 120,000 - 1,000(p<sub>1</sub> -). C) 120,000 - 1,000p<sub>1</sub> - 1,000p<sub>2</sub>. D) 105,000 - 1,000(p<sub>1</sub> +). E) 105,000 - 1,500p<sub>2</sub>. . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 60,000 - 1,000v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 60,000 - 5,000w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 45,000 - 1,000p. If the publisher sets a price of p1 in the first year and p2 <= p1 in the second year, then the total number of copies of the book that the publisher sells over the two years will be

A) 120,000 - 3,000p2.
B) 120,000 - 1,000(p1 -).
C) 120,000 - 1,000p1 - 1,000p2.
D) 105,000 - 1,000(p1 +).
E) 105,000 - 1,500p2.
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10
Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p1 in the first year and p2 in the second year. After the first year, bookstores buy back used copies for <strong>Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p<sub>1</sub> in the first year and p<sub>2</sub> in the second year. After the first year, bookstores buy back used copies for   and resell them to students in the second year for p<sub>2</sub>. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p<sub>1</sub> -   . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 50,000 - 1,500v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 50,000 - 7,500w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 45,000 - 1,500p. If the publisher sets a price of p<sub>1</sub> in the first year and p<sub>2</sub> <= p<sub>1</sub> in the second year, then the total number of copies of the book that the publisher sells over the two years will be</strong> A) 100,000 - 1,500p<sub>1</sub> - 1,500p<sub>2</sub>. B) 100,000 - 1,500(p<sub>1</sub> -). C) 95,000 - 1,500(p<sub>1</sub> +). D) 100,000 - 4,500p<sub>2</sub>. E) 95,000 - 2,250p<sub>2</sub>. and resell them to students in the second year for p2. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p1 - <strong>Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p<sub>1</sub> in the first year and p<sub>2</sub> in the second year. After the first year, bookstores buy back used copies for   and resell them to students in the second year for p<sub>2</sub>. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p<sub>1</sub> -   . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 50,000 - 1,500v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 50,000 - 7,500w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 45,000 - 1,500p. If the publisher sets a price of p<sub>1</sub> in the first year and p<sub>2</sub> <= p<sub>1</sub> in the second year, then the total number of copies of the book that the publisher sells over the two years will be</strong> A) 100,000 - 1,500p<sub>1</sub> - 1,500p<sub>2</sub>. B) 100,000 - 1,500(p<sub>1</sub> -). C) 95,000 - 1,500(p<sub>1</sub> +). D) 100,000 - 4,500p<sub>2</sub>. E) 95,000 - 2,250p<sub>2</sub>. . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 50,000 - 1,500v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 50,000 - 7,500w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 45,000 - 1,500p. If the publisher sets a price of p1 in the first year and p2 <= p1 in the second year, then the total number of copies of the book that the publisher sells over the two years will be

A) 100,000 - 1,500p1 - 1,500p2.
B) 100,000 - 1,500(p1 -).
C) 95,000 - 1,500(p1 +).
D) 100,000 - 4,500p2.
E) 95,000 - 2,250p2.
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11
If the demand function for the DoorKnobs operating system is related to perceived market share s and actual market share x by the equation p = 512s(1 - x), then in the long run, the highest price at which DoorKnobs could sustain a market share of <strong>If the demand function for the DoorKnobs operating system is related to perceived market share s and actual market share x by the equation p = 512s(1 - x), then in the long run, the highest price at which DoorKnobs could sustain a market share of   is</strong> A) $113.78. B) $128. C) $256. D) $96. E) $81.92. is

A) $113.78.
B) $128.
C) $256.
D) $96.
E) $81.92.
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12
Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p1 in the first year and p2 in the second year. After the first year, bookstores buy back used copies for <strong>Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p<sub>1</sub> in the first year and p<sub>2</sub> in the second year. After the first year, bookstores buy back used copies for   and resell them to students in the second year for p<sub>2</sub>. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p<sub>1</sub> -   . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 50,000 - 500v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 50,000 - 2,500w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 30,000 - 500p. If the publisher sets a price of p<sub>1</sub> in the first year and p<sub>2</sub> <= p<sub>1</sub> in the second year, then the total number of copies of the book that the publisher sells over the two years will be</strong> A) 100,000 - 500(p<sub>1</sub> -). B) 80,000 - 500(p<sub>1</sub> +). C) 100,000 - 500p<sub>1</sub> - 500p<sub>2</sub>. D) 100,000 - 1,500p<sub>2</sub>. E) 80,000 - 750p<sub>2</sub>. and resell them to students in the second year for p2. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p1 - <strong>Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p<sub>1</sub> in the first year and p<sub>2</sub> in the second year. After the first year, bookstores buy back used copies for   and resell them to students in the second year for p<sub>2</sub>. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p<sub>1</sub> -   . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 50,000 - 500v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 50,000 - 2,500w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 30,000 - 500p. If the publisher sets a price of p<sub>1</sub> in the first year and p<sub>2</sub> <= p<sub>1</sub> in the second year, then the total number of copies of the book that the publisher sells over the two years will be</strong> A) 100,000 - 500(p<sub>1</sub> -). B) 80,000 - 500(p<sub>1</sub> +). C) 100,000 - 500p<sub>1</sub> - 500p<sub>2</sub>. D) 100,000 - 1,500p<sub>2</sub>. E) 80,000 - 750p<sub>2</sub>. . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 50,000 - 500v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 50,000 - 2,500w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 30,000 - 500p. If the publisher sets a price of p1 in the first year and p2 <= p1 in the second year, then the total number of copies of the book that the publisher sells over the two years will be

A) 100,000 - 500(p1 -).
B) 80,000 - 500(p1 +).
C) 100,000 - 500p1 - 500p2.
D) 100,000 - 1,500p2.
E) 80,000 - 750p2.
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13
If the demand function for the DoorKnobs operating system is related to perceived market share s and actual market share x by the equation p = 512s(1 - x), then in the long run, the highest price at which DoorKnobs could sustain a market share of <strong>If the demand function for the DoorKnobs operating system is related to perceived market share s and actual market share x by the equation p = 512s(1 - x), then in the long run, the highest price at which DoorKnobs could sustain a market share of   is</strong> A) $256. B) $128. C) $113.78. D) $96. E) $81.92. is

A) $256.
B) $128.
C) $113.78.
D) $96.
E) $81.92.
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14
Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p1 in the first year and p2 in the second year. After the first year, bookstores buy back used copies for <strong>Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p<sub>1</sub> in the first year and p<sub>2</sub> in the second year. After the first year, bookstores buy back used copies for   and resell them to students in the second year for p<sub>2</sub>. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p<sub>1</sub> -   . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 60,000 - 500v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 60,000 - 2,500w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 40,000 - 500p. If the publisher sets a price of p<sub>1</sub> in the first year and p<sub>2</sub> <= p<sub>1</sub> in the second year, then the total number of copies of the book that the publisher sells over the two years will be</strong> A) 120,000 - 1,500p<sub>2</sub>. B) 120,000 - 500p<sub>1</sub> - 500p<sub>2</sub>. C) 120,000 - 500(p<sub>1</sub> -). D) 100,000 - 500(p<sub>1</sub> +). E) 100,000 - 750p<sub>2</sub>. and resell them to students in the second year for p2. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p1 - <strong>Professor Kremepuff's new, user-friendly textbook has just been published. This book will be used in classes for two years, after which it will be replaced by a new edition. The publisher charges a price of p<sub>1</sub> in the first year and p<sub>2</sub> in the second year. After the first year, bookstores buy back used copies for   and resell them to students in the second year for p<sub>2</sub>. (Students are indifferent between new and used copies.) The cost to a student of owning the book during the first year is therefore p<sub>1</sub> -   . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 60,000 - 500v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 60,000 - 2,500w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 40,000 - 500p. If the publisher sets a price of p<sub>1</sub> in the first year and p<sub>2</sub> <= p<sub>1</sub> in the second year, then the total number of copies of the book that the publisher sells over the two years will be</strong> A) 120,000 - 1,500p<sub>2</sub>. B) 120,000 - 500p<sub>1</sub> - 500p<sub>2</sub>. C) 120,000 - 500(p<sub>1</sub> -). D) 100,000 - 500(p<sub>1</sub> +). E) 100,000 - 750p<sub>2</sub>. . In the first year of publication, the number of students willing to pay $v to own a copy of the book for a year is 60,000 - 500v. The number of students taking the course in the first year who are willing to pay $w to keep the book for reference rather than sell it at the end of the year is 60,000 - 2,500w. The number of persons who are taking the course in the second year and are willing to pay at least $p for a copy of the book is 40,000 - 500p. If the publisher sets a price of p1 in the first year and p2 <= p1 in the second year, then the total number of copies of the book that the publisher sells over the two years will be

A) 120,000 - 1,500p2.
B) 120,000 - 500p1 - 500p2.
C) 120,000 - 500(p1 -).
D) 100,000 - 500(p1 +).
E) 100,000 - 750p2.
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15
Eleven consumers are trying to decide whether to connect to a new communications network. Consumer 1 is of type 1, consumer 2 is of type 2, consumer 3 is of type 3, and so on. Where k is the number of consumers connected to the network (including oneself), a consumer of type n has a willingness to pay to belong to this network equal to k times n. What is the highest price at which 5 consumers could all connect to the network and either make a profit or at least break even?

A) $49
B) $30
C) $42
D) $28
E) $35
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