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Chrome File Edit View History Bookmarks People Tab Window Help Q Tue Apr 27 9:37 AM Student Home - MyWalsh Port: X ECN : ENG 102 DCS Sp21 : Gra X Content X MindTap - Cengage Learning X + C ng.cengage.com/staticb/ui/evo/index.html? deploymentld=58375322815413179513552043917&eISBN=9781337622387&id=1108603418&snapshotld=2280327& Update Apps G Gmail YouTube Maps Wolters Kluwer He... New Tab Login - CAS - Cen... & myStarkState | Ho... Courses StatCrunch | Course Activities.. > Reading List Angela K CENGAGE | MINDTAP Q Search this course ? My Home Chapter 9 Quiz X Courses 4. Price-discriminating monopolist Catalog and Study Tools Raphael owns a plot of land in the desert that isn't worth much. One day, a giant meteorite falls on his property, making a large crater. The event attracts scientists and tourists, and Raphael decides to sell nontransferable admission tickets to the meteor crater to both types of visitors: scientists Partner Offers (Market A) and tourists (Market B). The following graphs show daily demand (D) curves and marginal revenue (MR) curves for the two markets. Raphael's marginal cost of providing admission tickets is zero. Rental Options A-Z College Success Tips (?) Career Success Tips You are eligible for a FREE 7- Market A Market B day trial of Cengage Unlimited or Cengage Unlimited 20 eTextbooks Try for Free 16 Learn more PRICE (Dollars per ticket) bongo PRICE (Dollars per ticket) ? Help Give Feedback A+ ON A ONA MR DA A MRB PB 0 2 3 4 5 6 7 8 9 10 0 2 3 4 5 6 8 9 10 QUANTITY (Admission tickets) QUANTITY (Admission tickets) 881 APR 27 stv W PChrome File Edit View History Bookmarks People Tab Window Help Q Tue Apr 27 9:37 AM Student Home - MyWalsh Port: X ECN : ENG 102 DCS Sp21 : Gra X Content X MindTap - Cengage Learning X + C ng.cengage.com/staticb/ui/evo/index.html? deploymentld=58375322815413179513552043917&elSBN=9781337622387&id=1108603418&snapshotld=2280327& Update Apps G Gmail YouTube Maps Wolters Kluwer He... New Tab Login - CAS - Cen... & myStarkState | Ho... Courses StatCrunch Course Activities... > Reading List Angela CENGAGE | MINDTAP Q Search this course ? My Home Chapter 9 Quiz X 2 4 5 6 8 9 10 5 9 10 Courses QUANTITY (Admission tickets) QUANTITY (Admission tickets) Catalog and Study Tools Partner Offers Suppose that at first, Raphael charges the same price of $8 per admission in both markets so that the total number of admissions demanded is Rental Options tickets . A-Z College Success Tips Suppose now that Raphael decides to charge a different price in each market. To maximize revenue, Raphael should charge $ per admission in Career Success Tips Market A and $ per admission in Market B. At these prices, he will sell a total quantity of admission tickets per day. You are eligible for a FREE 7- Complete the following table by calculating Raphael's total revenue from selling in both markets under the nondiscriminatory as well as the day trial of Cengage Unlimited or Cengage Unlimited discriminatory price policy. eTextbooks Try for Free Total Revenue Pricing Policy (Dollars) Learn more Nondiscriminatory low bongo ? Discriminatory Help high Give Feedback Raphael charges a higher price in the market with a relatively price elasticity of demand. A+ Grade It Now Save & Continue Continue without saving 88 APR 27 tv W
