Daytime demand, QD = 400 - 50 PDNighttime demand, QN = 200 - 20 PNThe marginal cost
Question:
a. If the theater uses third degree price discrimination, what price will it charge for daytime tickets? How many will be sold?
b. If the theater uses third degree price discrimination, what price will it charge for nighttime tickets? How many will be sold?
c. What is the profit associated with using third degree price discrimination?
d. If the theater does not use price discrimination and charges the same price to all customers, what is that price and how many tickets will be sold?
e. What happens to profit when the theater does not engage in third degree price discrimination? How much does it rise or fall? \with single price P
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a Computation of the following Equate MR with MC MC 5 MR 8...View the full answer
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Related Book For 
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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