Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Quantity Combination Of Movie Tickets and Concession
Unit II Assignment Worksheet
This worksheet is intended to help you develop the information you will use to complete your Unit II Assignment.
Completing only this worksheet does not constitute completion of the Unit II Assignment. You need to complete all parts of the assignment, which also include writing an essay about the information you obtain in this worksheet. You will copy and paste your essay at the end of this document where indicated, and then upload your assignment via SafeAssign.
Instructions:
- Complete the Unit II Worksheet.
- Use your Unit II Worksheet responses to help you formulate your ideas for writing your essay; you are expected to expand on these questions when writing your essay.
- Include your graphs in the areas indicated in this worksheet.
- Copy and paste your essay in to this worksheet, then upload the entire assignment via SafeAssign.
Part 1
Given the quantity of total movie tickets and total concession stand items consumed in a month and the total utility derived at Ruby Red Movie Theater for each, calculate the marginal utility and the marginal utility per dollar for movie tickets and average concession stand items.
Step 1: Calculate marginal utility and marginal utility per dollar for movie tickets.
Quantity of Tickets Consumed
Total Utility
Marginal Utility
Movie Ticket Price
Marginal Utility Per Dollar for Movie Tickets
0 0 — — — 200 150 $10.00 400 275 $10.00 600 375 $10.00 800 450 $10.00 1,000 500 $10.00 1,200 525 $10.00 1,400 525 $10.00 Step 2: Calculate marginal utility and marginal utility per dollar for concession stand items.
Quantity of Concession Stand Items Consumed
Total Utility
Marginal Utility
Average Item Price
Marginal Utility Per Dollar for Concession Items
0 0 — — — 400 200 $15.00 800 375 $15.00 1,200 525 $15.00 1,600 650 $15.00 2,000 750 $15.00 2,400 825 $15.00 2,800 875 $15.00 Part 1 Question 1: What quantity combination of movie tickets and concession stand items would maximize utility?
Your Answers:
Quantity of Movie Tickets Quantity of Concession Stand Items Part 1 Question 2: What is the price of movie tickets and average price of concession stand items?
Your Answers:
Movie Ticket Price Concession Stand Items Average Price Part 2
Given the quantity of total movie tickets and total concession stand items consumed in a month and the total utility derived at Ruby Red Movie Theater for the change in movie ticket prices, calculate the marginal utility and the marginal utility per dollar for movie tickets and concession stand items.
Step 1: Calculate marginal utility and marginal utility per dollar for movie tickets.
Quantity of Tickets Consumed
Total Utility
Marginal Utility
Movie Ticket Price
Marginal Utility Per Dollar for Movie Tickets
0 0 — — — 200 150 $12.00 400 275 $12.00 600 375 $12.00 800 450 $12.00 1,000 500 $12.00 1,200 525 $12.00 1,400 525 $12.00 (Continue on next page)
Step 2: Calculate marginal utility and marginal utility per dollar for concession stand items. (Note: The information here has not changed from Part 1, Step 2.)
Quantity of Concession Stand Items Consumed
Total Utility
Marginal Utility
Average Item Price
Marginal Utility Per Dollar for Concession Items
0 0 — — — 400 200 $15.00 800 375 $15.00 1,200 525 $15.00 1,600 650 $15.00 2,000 750 $15.00 2,400 825 $15.00 2,800 875 $15.00 Part 2 Question 1: What quantity combination of movie tickets and concession stand items would maximize utility now that the price of movie tickets has changed?
Your Answers:
Quantity of Movie Tickets Quantity of Concession Stand Items Part 2 Question 2: What is the price of movie tickets?
Your Answer:
Movie Ticket Price Part 3
Given the total quantity of movie tickets and total concession stand items consumed in a month and the total utility derived at Ruby Red Movie Theater for the change in concession stand prices, calculate the marginal utility and the marginal utility per dollar for movie tickets and concession stand items.
Step 1: Calculate marginal utility and marginal utility per dollar for movie tickets. (Note: The information here is the same as in Part 1, Step 1.)
Quantity of Tickets Consumed
Total Utility
Marginal Utility
Movie Ticket Price
Marginal Utility Per Dollar for Movie Tickets
0 0 — — — 200 150 $10.00 400 275 $10.00 600 375 $10.00 800 450 $10.00 1,000 500 $10.00 1,200 525 $10.00 1,400 525 $10.00 (Continue on next page)
Step 2: Calculate marginal utility and marginal utility per dollar for concession stand items.
Quantity of Concession Stand Items Consumed
Total Utility
Marginal Utility
Average Item Price
Marginal Utility Per Dollar for Concession Items
0 0 — — — 400 200 $20.00 800 375 $20.00 1,200 525 $20.00 1,600 650 $20.00 2,000 750 $20.00 2,400 825 $20.00 2,800 875 $20.00 Part 3 Question 1: What quantity combination of movie tickets and concession stand items would maximize utility now that the average price of concession items has changed?
Your Answers:
Quantity of Movie Tickets Quantity of Concession Stand Items Part 3 Question 2: What is the average price concession stand items?
Your Answer:
Concession Stand Items Average Price Part 4
Answer the following from the calculations you made above:
Step 1: In regard to movie tickets, report the price and quantity you calculated in Questions 1 and 2 from Parts 1 and 2.
Movie Tickets Price Quantity Part 1: Question 1 and Question 2 Part 2: Question 1 and Question 2 Task: Graph the demand curve for movie tickets from the information above. Provide a copy of your graph in the box below. You can use a computer program such as Microsoft Excel or even draw the demand curve for movie tickets by hand, then take a clear, easy-to-read photo of it and insert it. Be sure to resize your graph or photo so that it completely fits in the box.
Step 2: In regard to concession stand items, report the price and quantity you calculated in Questions 1 and 2 from Parts 1 and 2.
Concession Stand Items Average Price Quantity Part 1: Question 1 and Question 2 Part 2: Question 1 and Question 2 Task: Graph the demand curve for concession stand items from the information above. Provide a copy of your graph in the area below. You can use a computer program such as Microsoft Excel or even draw the demand curve for concession stand items by hand, then take a clear, easy-to-read photo of it and insert it. Be sure to resize your graph or photo so that it completely fits in the box.
Part 5
Given the price and quantity information below, graph the supply curve for movie tickets and concession stand items on separate graphs.
Step 1: Graph the supply of movie tickets given the prices and quantities supplied below.
Movie Ticket Prices and Quantity Supplied
Movie Ticket Price Quantity Supplied of Movie Tickets $2 1,800 $3 1,800 $4 1,800 $5 1,800 $6 1,800 $7 1,800 $8 1,800 $9 1,800 $10 1,800 $11 1,800 $12 1,800 $13 1,800 $14 1,800 $15 1,800 Insert graph here: To create your graph, you can use a computer program such as Microsoft Excel or even draw the demand curve for movie tickets by hand, then take a clear, easy-to-read photo of it and insert it. Be sure to resize your graph or photo so that it completely fits in the box.
Part 5 Question 1: Why is the quantity supplied of movie tickets the same regardless of the price of movie tickets? Enter your response in the box below.
Step 2: Graph the supply of concession stand items given the prices and quantities supplied below.
Concession Stand Item Prices and Quantity Supplied
Average Concession Stand Price Quantity Supplied of Concession Stand Items $1 500 $2 700 $3 900 $4 1,100 $5 1,300 $6 1,500 $7 1,700 $8 1,900 $9 2,100 $10 2,300 $11 2,500 $12 2,700 $13 2,900 Draw or insert graph here: (Make sure your graph fits entirely in the box.)
Part 6
Graph the supply and demand for movie tickets and concession stand items.
Step 1: Graph the supply and demand for movie tickets on one graph.
Draw or insert graph here: (Make sure your graph fits entirely in the box.)
Step 2: Estimate the equilibrium price and quantity for movie tickets:
Equilibrium Price: _____________________
Equilibrium Quantity: ________________________
Step 3: Graph the supply and demand for concession stand items on one graph.
Draw or insert graph here: (Make sure your graph fits entirely in the box.)
Step 4: Estimate the equilibrium price and quantity for concession stand items:
Equilibrium Price: ___________________________
Equilibrium Quantity: ________________________
Continue on next page. You will start your essay there, beginning with a title page that provides the title of the paper, your name, university name, course name, instructor name, and the date.
(Insert entire essay here—title page, essay, and references. Be sure to delete this comment.)
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
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