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A movie monopolist sells to college students and other adults. The demand function for students is Qs = loop, and the demand function for
A movie monopolist sells to college students and other adults. The demand function for students is Qs = loop, and the demand function for other adults is QA = 1,800 - loop. Costs Is C(Q) = IQ -4- 0.005Q2mper ticket, where Q = QA. Instructions: Round answers to 2 decimal places. a. What prices will the monopolist set when she can discriminate? P student = S O per ticket. = S O per ticket. Profit s O b. What if demand for adults increases to QA = 2,000 100P? P student = S O per ticket. = S O per ticket.
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