Suppose the club decides that tall and short people will accept different amounts of headspace. The club (1) has the power to charge different prices to tall people and short people, and (2) knows each customer's willingness to pay. That information is below: Name Height Willingness to pay
Amelia Tall $20
Beatrice Tall $18
Charlotte Tall $16
David Short $14
Eddie Short $12
Francesca Tall $10
Genesis Short $8

Required:
Suppose the club decides to charge short people $12. To maximize profits, what price would the club charge tall people?

Sarah needs to complete financial aid packets. during which school year would she do this? sophomore freshman senior junior

Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.