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Refer to the diagram. If Happy Times Theater charges one price to day customers and another price to night customers, then the day price will

Refer to the diagram. If Happy Times Theater charges one price to day customers and another price to night customers, then the day price will be

DemandathappyTimesTheater

DemandathappyTimesTheater

TotalDemand:Q

t

=60060P

t

orP

t

=10.0167Q

t

TotalDemand:Qt=600-60PtorPt=10.0167Qt

Daytimedemand:Q

d

=30040P

d

orP

d

=7.5=.025Q

d

Daytimedemand:Qd=300-40PdorPd=7.5=.025Qd

Nighttimedemand:Q

n

=30020P

n

orP

n

=15.05Q

n

Nighttimedemand:Qn=30020PnorPn=15.05Qn

MC=5

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