Question: Your market research also indicates there are three major groups that would attend your theater: adults, students, and seniors. To ensure you capture the

Your market research also indicates there are three major groups that would

Your market research also indicates there are three major groups that would attend your theater: adults, students, and seniors. To ensure you capture the variability in demand by group, you explore a wider range of pricing options. Market research estimated demand equations for each of these three populations: Adults: QdA = 1,400-60P Students: QdST = 2,000 - 120P Seniors: QdSR = 4,000 - 450P Remember that MC = $3 per ticket. Find the profit- maximizing prices to charge for each of these three groups. Assume the price must be an integer. Type the numbers into the blank space provided. When you are finished, Adult ticket price (PA)= $ Student ticket price (PST) = $ Senior ticket price (PSR) = $

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