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Use the following information to answer the next FOUR questions:Consider a pizza restaurant that has a local monopoly in a small rural town. Suppose the

Use the following information to answer the next FOUR questions:Consider a pizza restaurant that has a local monopoly in a small rural town. Suppose the restaurant faces a demand from two types of customers: adults and seniors. The demand curve for the seniors is given by Q1=30-2P1. The demand curve for the adults is given by Q2=30-P2. The monopolist produces pizza with a constant marginal cost of $4 per pizza. 15. Suppose that the pizza restaurant cannot discriminate between the two types of customers, and so it resorts to charging the same price to each type. What profit-maximizing price will it charge? $ _________________

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J 16. Under the assumption that the pizza restaurant cannot discriminate between the two types of customers, which of the following gures represents the market demand cur ve facing the restaurant? Figure P P 30 Figure A 45 Figure B D D- H 30 O 7.5 30 Q P P 30 \"Cl" C M gure D D. D- 15 30 Q '0 Q P 30 Figure E D. 15 60 Q Suppose that the pizza restaurant cannot discriminate between the two types of custom ers, but it notices that seniors are coupon users while adults are not. So the restaurant decides to offer all its customers a discount coupon off the price of a pizza, which they can redeem when th ey purchase a pizza at the restaurant. The coupon can be clipped from the local newspap er. 17. If the pizza restaurant offers the coupon, what price should it charge for its pizza? $ 18. If the pizza restaurant offers the coupon, what should be the value of the coupon? $

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