Question
The demand by senior citizens for showings at a local movie house has a constant price elasticity equal to 24. The demand curve for all
The demand by senior citizens for showings at a local movie house has a constant price elasticity equal to 24. The demand curve for all other patrons has a constant price elasticity equal to 22. If the marginal cost per patron is $1 per show, how much should the theater charge members of each group?
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Managerial Economics Theory Applications and Cases
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
8th edition
978-0393124491, 393124495, 978-0039391277, 393912779, 978-0393912777
