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Your movie theater charges a single price of $ 4 4. The marginal cost of each patron is $1. A

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Your movie theater charges a single price of ​$ 4 4. The marginal cost of each patron is​ $1. A recent marketing survey revealed the following information about senior citizens and nonseniors. Price Number of Patrons Slope of Demand Curve Seniors ​$ 4 4 120 120 minus −​$0.01 per patron Nonseniors ​$ 4 4 100 100 minus −​$0.10 per patron a. The marginal revenue for senior citizens is ​$ nothing ​(enter your response as an ​integer)​, while the marginal revenue for nonseniors is ​$ nothing ​(enter

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step solution Step 1 of 5 a The answers are 5 and 2 Step 2 of 5 Marg View the full answer


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Macroeconomics Principles, Applications, and Tools

Macroeconomics Principles, Applications, and Tools

ISBN: 978-0132555234

7th Edition

Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez

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Posted Date: January 10, 2021 15:00:13
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