A movie monopolist sells to college students and other adults. The demand function for students is Q = 1,000 – 25P, and the demand function for other adults is Q% = 1,600 – 25P. The marginal cost is $4 per ticket (instead of $2 per ticket, as in the Worked-Out Problem). Instructions: Round your answers to 2 decimal places. a. What is the effect of price discrimination on consumer and aggregate surplus? CS = $ 15300 AS = $ 45900 b. What is the effect without price discrimination on consumer and aggregate surplus? CS = $ 23400 AS = $ 52200

A movie monopolist sells to college students and other adults. The demand function for students is Q = 1,000 – 25P, and the demand function for other adults is Q% = 1,600 – 25P. The marginal cost is $4 per ticket (instead of $2 per ticket, as in the Worked-Out Problem). Instructions: Round your answers to 2 decimal places. a. What is the effect of price discrimination on consumer and aggregate surplus? CS = $ 15300 AS = $ 45900 b. What is the effect without price discrimination on consumer and aggregate surplus? CS = $ 23400 AS = $ 52200

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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