The table below shows four consumers willingnesses to pay for phone service subscription and broadband internet service subscription. Each consumer demands at most one subscription for phone service and at most one subscription for internet service (the willingness to pay for any further units is zero). There are no complemen- tarities in consumption, le, a consumer’s willingness to pay for both services is just the sum of his willingness to pay for phone service and his willingness to pay for in- ternet service. Both services are supplied by the same monopolist. Assume that the monopolist’s costs are zero.

Consumer WTP (Phone) WTP(Internet)
A $15 $30
B $25 $25
C $30 $25
D $35 $20

1. Suppose the monopolist sells phone service and internet service separately. It must charge a constant per-unit price in each market (ie.. it cannot discriminate among consumers). What will be the equilibrium prices and quantities of phone service and internet service? What will be the monopolist’s profits?

2.Now suppose the monopolist can sell bundles consisting of both phone and internet service. It must still charge a constant price per bundle (i.e., cannot discriminate among consumers). What will be the equilibrium price and quan tity of bundles sold? What will be the monopolist’s profits? Will the monopolist find it profitable to offer the bundles instead of phone service and internet ser vice separately?

3)Now assume instead that the phone service monopolist is selling monthly talk time to consumers. The monopolist’s costs are zero. For simplicity assume there are only two consumers (you can think of these as two groups). Consumer 1 is willing to pay $7 for the first block of 60 minutes. $5 for the second block of 60 minutes. and S3 for the third block of 60 minutes Consumer 2 is willing to pay $5 for the first 60 minutes. $3 for the second, and $1 for the third. Neither consumer demands more than three blocks (180 minutes)

A)Suppose the monopolist can tell the consumers apart, can prevent arbitrage, and can offer each consumer a fixed package for a foed tee. What are the packages that the monopolist will offer to the two consumers? State quantities (numbers of talk time blocks) and prices. What will be the monopolist’s profit?

B)Continue to assume that the monopolist can tell the consumers apart and can prevent arbitrage, but now suppose that it can no longer offer fixed packages or charge access fees. Instead, the monopolist must charge a constant price per talk time block for each consumer (however, different prices may be charged to the two consumers). What prices will the monopolist charge? What will be the monopolist’s profit?

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Choose one of the albums listed below and write an album review. The review consists of three parts:

Part 1: Do research into the Album. Who is the artist? What is the name of the album? What year was the album recorded? What record label? Who was the producer? Who are the musicians i.e. personnel? Provide a track listing of the songs. Mention any chart position information [#1 Billboard etc.], you can restrict this information to the USA, UK and Canada where applicable. Having completed Assignment 1 & 2, this info should be easy to find. You can cite your source in the bibliography, not in-text. This part should be submitted in point form:(This is a example)

Artist: Tim Crofts

Album: The Lost Years

Year: 1981

Label: Panda Records

Producer: Phil Spector

Musicians: Tim Crofts [synth, vocals]

Joey George [drums]

Track Listing: 1. Do Your Homework

2. Read the Instructions
3. No Seriously
4. I Mean It

Chart Positions: #1 in the UK

Part 2: Do some research. Write a short passage outlining the importance of this album in the career of the artist/band, and its success commercially and/or influence on future artists. Also note anything characteristic about the albums sound or production method. This should be SINGLE SPACED. Part 1 and Part 2 should take up one page SINGLE SPACED.

Part 3: LISTEN TO THE ENTIRE ALBUM. Write a reflection on the album based on the research you have done. Did the album meet expectations? Why or why not? Why is this music appealing? Consider what we have discussed in class. Did one or more tracks make a stronger impression? Which ones and why? This is an informed opinion. I’m not just interested in whether you like something. Use your research and what we have discussed in class and then form an opinion. Part 3 should be one page SINGLE SPACED. In total, the album review assignment should be at least two pages.

ANY AND ALL CITATION SHOULD BE INCLUDED IN THE BIBLIOGRAPHY. 3 SOURCES. NO DIRECT QUOTATION. NO IN-TEXT CITATION.

Albums: Find them yourselves using Spotify, Youtube, or Apple Music.

Metallica- Justice for all

Culture Club- Colour by Numbers

Whitney Houston- Whitney Houston

Living Colour- Vivid

Dead Kennedys- Fresh Fruit for Rotting Vegetables

Bryan Adams- Cuts Like a Knife

Kate Bush- Hounds of Love

Salt ’n’ Pepa- Hot, Cool and Vicious

LL cool J- Bigger and Deffer

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