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The picture listed below is question for economic. Movie theaters often charge substantially less for afternoon showings than for evening show- ings. Explain how theaters

The picture listed below is question for economic.

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Movie theaters often charge substantially less for afternoon showings than for evening show- ings. Explain how theaters use time of day to segment their customers into low-elasticity and high-elasticity groups.A brewery in one of the Washington State towns faces the following inverse demand: P = 15 0.5Q. The brewery can produce beer at a constant marginal and average total cost of $1 per bottle. 0 Calculate the protmaximizing price and quantity, as well as producer and consumer surplus and the deadweight loss from market power. 0 If it were possible to organize the townsfolk, how much would they be willing to pay the brewery to sell beer at a price equal to its marginal cost? 0 What is the minimum payment the brewery would be willing to accept to sell beer at a price equal to marginal cost? a Is it possible for consumers and the brewery to strike a bargain that results in gain for both

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