question archive A movie monopolist sells to college students and other adults
A movie monopolist sells to college students and other adults
Subject:EconomicsPrice: Bought3
A movie monopolist sells to college students and other adults. The demand function for students is Q; = 1,400 — 100p, and the demand function for other adutts is d Q}l : 1,600 — IOOP. lCosts is C(Q} = 162 + 0.005Q2mper ticket, where 0: 03+ 0'4. Instructions: Round your answers to 2 decimal places. a. What prices will the monopolist set when she can discriminate? Psrudent= $ |:| per ticket. Paduff = $ per ticket. Pro?t: $ |:| . b. What if demand for adults increases to Q3 2 1,300 — 100p? Psrudent= $ |:| per ticket.
