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Hershey Park sells tickets at the gate and at local municipal offices: There are two groups of people. Suppose that the demand function for people
Hershey Park sells tickets at the gate and at local municipal offices: There are two groups of people. Suppose that the demand function for people who purchase tickets at the gate is Qe = 12,000 - 100PG and the demand function for people who purchase tickets at municipal offices is QM = 11,000 -100PM: The marginal cost (m) of each patron is $20.00. Suppose that Hershey Park cannot successfully segment the two markets. What are the profit-maximizing price and quantity? The profit-maximizing price is and the profit-maximizing quantities are Qc = ]units and OM units. (Enter numeric responses using real numbers rounded to two decimal places)
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