Ly Lab 10 (Question 2) ~ Lyryx Learning Inc - Google Chrome laecon1.lyryx.com/student-servlets/LabServlet?ccid=3692 dvan lyryx orning Print Preferences Help Lab 10 (Question 2) Name: Hang Ma Date: 2020-07-26 Question 2 [33 points] The following table outlines the demand for Frank's Theatre. Frank's Theatre attracts two different groups of customers: teenagers and parents with small children. a) Fill in the total revenues for the various demand schedules in the table Teenagers Teenagers Parents Parents Both Admission Quantity Total Quantity Total Total Price Demanded Revenue Demanded Revenue Revenue 8 100 U 151 8 185 18 207 31 221 0 48 N 230 70 236 240 O 99 137 b) If Frank's Theatre were to charge a single price and wants to maximize their total revenue, what price should be charged and what would the total revenue be? Price = $0 Total Revenue = $0 c) Now, if Frank's Theatre was able to price discriminate between the two groups and charge different prices to each, what would they charge each, and what would the new total revenue be? Price to Teenagers = $0 Price to Parents = $0 Total Revenue = $0 Official Time: 16:40:16 SUBMIT AND MARK SAVE AND CLOSE 4:40 PM 2020-07-26