pure economics for bussiness

2. You run a chain of movie theatres, so you commission a marketing study that categorizes your potential customers into 10 equal-sized groups according to what they are willing to pay for a movie ($10,89, 88, 87, 86, 85, $4, $3, S2, S1). It turns out that the low-value customer groups, those with values ($5.94. $3, S2, S1), are all over 65 years old. All the costs of exhibiting movies are fixed except for the $3,50 royalty payment you must make to the film distributor for each ticket sold. What price should you charge for movie tickets? Should you offer senior citizen discounts? If so, what should be the price for senior citizens? Carefully explain your answer. (25 marks)