Price-discriminating monopolist

Poornima owns a plot of land in the desert that isn't worth much. One day, a giant meteorite falls on her property, making a large crater. The event attracts scientists and tourists, and Poornima decides to sell nontransferable admission tickets to the meteor crater to both types of visitors: scientists (Market A) and tourists (Market B). The following graphs show daily demand (D) curves and marginal revenue (MR) curves for the two markets. Poornima's marginal cost of providing admission tickets is zero.

(graphs are examples and cannot be adjusted):

Market A Market B 20 20 18 16 16 14 14 12 PRICE (Dollars per ticket) PRICE (Dollars per ticket) IN N MR DA MRB PB 0 3 6 9 12 15 18 21 24 27 30 0 3 6 9 12 15 18 21 24 27 3 QUANTITY (Admission tickets) QUANTITY (Admission tickets)Suppose that at first, Poornima charges the same price of $8 per admission in both markets so that the total number of admissions demanded is tickets. Suppose now that Poornima decides to charge a different price in each market. To maximize revenue, Poornima should charge $ per admission in Market A and $ per admission in Market B. At these prices, she will sell a total quantity of admission tickets per day. Complete the following table by calculating Poornima's total revenue from selling in both markets under the nondiscriminatory as well as the discriminatory price policy. Total Revenue Pricing Policy (Dollars) Nondiscriminatory Discriminatory Poornima charges a higher price in the market with a relatively low price elasticity of demand