Economics of the Two-Part Tariff or Two-part Pricing Strategy
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- เผยแพร่เมื่อ 8 ก.ย. 2024
- Here is another example problem: • Two-Part Pricing Strat...
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This videos provides a numerical example of the two-part pricing strategy found in many microeconomics and managerial economics textbooks.
Two-part tariff with different consumers is here: • Two Part-Tariff with D...
Very helpful, bu I think the access fee should be 4050. 90 x 90 x 1/2 = 4050, not 2450. Either that or I'm taking crazy pills.
You are right
Same
😂😂yeah bro I also 4050
90*90*0.5 =4050
Thanks! The correction is now noted in the video.
Thank you so much sir...
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Thank you very much
love your videos!!! it is super helpful! you explained the concept so nicely and clearly!!! support your video forever!!
二爷好
Clear and concise, thanks!
Hello,
I am writting a bacelor thesis and am going to talk about the topic you have discussed in this video.
Can you please tell me what are some good bookc on the topic?
Keep it up looking awesome
Thank you very much😊
How is the total revenue (per consumer) calculated? My guess would be Q*P+(Access fee) but I'm not sure.
And the profit would be (P-C)*Q+Access fee, which then should equal to the Acess fee since the three first terms equal to zero.
Thank you, very helpful!
Very helpful! Thank you!
So, each consumer is charged $4,050? No, correct? The access fee is then divided by the number of consumers, correct?
Assuming we wanted to solve for the access fee per consumer. It almost seems to follow logically, but just want to make 100% sure.
Each consumer is charged $4050; it's assumed that all consumers have the same identical demand.
This was a godsend
why the lump sum price has to be on P=MC instead of charing a per-unit price, so that it can eat up all the consumer surplus?
When setting the per-unit price where P=MC, consumers are getting maximum consumer surplus. But by charging an access fee or membership fee equal to the area of consumer surplus, the firm takes it all back in the form of producer surplus.
hello I know this is an old video but I'd like to ask is there a fixed fee here and if it does how do I calculate it? Thanks!
Fixed fee is the access fee is the consumer surplus
Hey isn't the consumer surplus 4050?
Thank you it was very helpful, but i have a question is this price strategy the same as the two-tier pricing?
I have seen two-tier pricing refer to a way to regulate a natural monopoly by allowing it to charge some customers a high price and others a low price. The high price customers subsidize the low price customers.
Very helpful
I struggle to accept the underlying logic here. You're trying to say that at the price of 10 per unit the customers would buy 90 units. And if they have to pay additional 4500 of fee on top, their buying behaviour will remain unchanged! As if the extra 4k meant nothing to them
why would there be a consumer surplus if they have to pay an access fee??
There is no consumer surplus. I was trying to show that the firm charges an access fee equal to consumer surplus, leaving consumers with zero consumer surplus.
Shouldn't it be MR=MC (profit maximization) instead of P=MC? P=MC would be correct for a perfectly competitive firm, but for a monopolist it should be MR=MC.
+MrLoesoe That's exactly the difference between a 2-part-tariff pricing and a linear pricing model. By setting the variable price to your marginal costs, you will guarantee maximal output of produce. With the "access fee" you will ensure getting all the pension in this trade.
MR = D in price conspiracy model because they dont need to discount the previous products as well
so yes MC= MR but since MR = demand, MC = P
I think this is under PC condition, what about monopoly ?
brilliant
I understand how to calculate the access fee, but I must say I don't understand what it is exactly, and how it works.
You can think of an access fee as a membership fee or entrance fee. A consumer must first pay the access fee before she can buy the firm's product. Costco and Sam's Club have an access fee. Some amusement parks have an access fee and then charge per ride. Some golf courses have a membership fee then charge per round of golf.
@@EconomicsinManyLessons Thanks for explaining! I understand it now :)
@@EconomicsinManyLessons so a single customer would have to pay 4050$ of access fee and if he buys inside the club he would pay 10$. Right?
@@valentinocirasolo5070 You are exactly correct!
Hi, could you tell me why the MC is flat please? Have exam on Monday, would greatly appreciate it.
IAmProof ThatGreatnessCanBeEncapsulatedInOneFormWhichIndeedTakesTheAppearance OfAGreekAdonis The horizontal or constant marginal cost is just a simplifying assumption, making the graph a little easier to read and it makes the math easier, too.
Thank you. I was just wondering in a question though...if I had a MC function like
a)MC = $300 + 0.002Q
b) MC = $1500
Of course, both MC curves derived from differentiating Total Cost. a) would apply to a more common MC curse (increasing MC, upwards sloping, eg. production etc......). And b) would be more relevant to two part pricing question/service like a membership fee, then price = MC.
In question in book, it states: each fifth wheel trailer costs the company $10,000 in variable labor and material expenses (MC).
If you could help me, hope I made question clear, I'd so appreciate it.
Is this danny mcbride?
isnt the consumer surplus 0 in this case
how should it be 0. They are not charged there reservation price. This would be the case in price discrimination 1. degree
But yes, they are taking away the consumer surplus as a access fee so after this access fee, the consumer surplus is net 0 - if this is what you ment
@@corcaroli2831 okay shit youre right thanks. I keep getting confused between the two
Who is your math teachher ? Geryyyzekaliiii 4050 dolars
Who is your english teacher?
top
lost me at derivative lol