two groups is shown in the table below. Sam's drive-in movie theatre attracts two main groups of customers: teenagers, and parents with young children. The demand of the a) Complete the total revenue columns in the table. Admission TEENAGERS Price ($) Quantity PARENTS Total Demanded Quantity BOTH Revenue ($) Total 12 Demanded Total 85 Revenue ($) Revenue ($) 11 20 135 25 10 165 35 185 50 8 195 75 200 90 6 203 100 5 205 110 b) If Sam charges a single admission price and wants to maximize his total revenue, what price should he charge, and what will be his total revenue? Price: $ Total revenue: $ c) Suppose, instead, that Sam is able to price-discriminate between the two groups and charge different prices to each. How much would he charge each, and what would be his total revenue now? Teenagers: $ Parents: $ Total revenue: $ 41 of 41 # Next