A local restaurant offers an all-you-can-eat buffet. The graph shows the marginal revenue and demand curves for two segments of the market: average consumers and senior citizens. Market for All-You-Can-Eat Buffet Average Consumers 24 w 2 \\ = \\ o 18 \\ = \\ 2 15 N\\ 5 \\ c o N 5 12 \\ o N = \\ 5 '\\\\ o MC=ATC Q o MR, D, u 5 10 15 20 25 30 35 40 45 50 Quantity (meals) Instructions: Enter your answers as a whole number. 8. Suppose the firm has the ability to be a price maker. What is the profit-maximizing level of output and price? The firm should charge [ Jandwillsell[ |meals. b. What will be the firm's profit if the profit-maximizing level of output is produced? L] Suppose the firm has the following information on the willingness and ability of senior citizens to pay for the all-you-can-eat buffet. Market for All-You-Can-Eat Buffet Senior Citizen Consumers 24 21 18 15 Costs and Revenues (dollars) 12 MC=ATC MR 0 5 10 15 20 25 30 35 40 45 50 Quantity (meals) c. How many meals will the restaurant sell to senior citizens if it charges the profit-maximizing price determined in part a? | meals d. Suppose the firm has the ability to price discriminate. What is the profit-maximizing level of output and price? The firm should charge senior citizens $ and will sell meals. e. What is the profit generated from the sale of senior citizen meals? What will be the total profit for the firm, assuming the firm can price discriminate between average consumers and senior citizens? s the profit generated from senior citizens. is the total profit generated from all sales