A movie monopolist sells to college students and other adults. The demand function for students is Q = 1,560 - 100P, and the demand function for other adults is Q = 1,800 - 100P. but who has cost function C(Q) = Q +0.005Q² Marginal cost is MC = 1 + 0.010, where Q=Qs+ QA- Instructions: Round your answers to 2 decimal places as needed. a. What prices will the monopolist set when she can discriminate? Pstudent = $ per ticket. Padult = $ Profit = $ per ticket. b. What if demand for adults increases to Q = 2,000 - 100P? Pstudent = $ Padult = $ Profit = $ per ticket. per ticket. c. When adult demand increases, the adult price: O does not change. O increases. O decreases.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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A movie monopolist sells to college students and other adults. The demand function for students is
Q = 1,560 - 100P,
and the demand function for other adults is
Q = 1,800 - 100P.
but who has cost function
C(Q) = Q +0.005Q²
Marginal cost is
MC = 1 + 0.010,
where Q=Qs+ QA-
Instructions: Round your answers to 2 decimal places as needed.
a. What prices will the monopolist set when she can discriminate?
Pstudent = $
per ticket.
Padult = $
Profit = $
b. What if demand for adults increases to
= 2,000 - 100P?
Q
Pstudent = $
Padult = $
Profit = $
per ticket.
O increases.
O decreases.
per ticket.
c. When adult demand increases, the adult price:
per ticket.
does not change.
O decreases.
O increases.
d. When adult demand increases, the student price:
does not change.
Transcribed Image Text:A movie monopolist sells to college students and other adults. The demand function for students is Q = 1,560 - 100P, and the demand function for other adults is Q = 1,800 - 100P. but who has cost function C(Q) = Q +0.005Q² Marginal cost is MC = 1 + 0.010, where Q=Qs+ QA- Instructions: Round your answers to 2 decimal places as needed. a. What prices will the monopolist set when she can discriminate? Pstudent = $ per ticket. Padult = $ Profit = $ b. What if demand for adults increases to = 2,000 - 100P? Q Pstudent = $ Padult = $ Profit = $ per ticket. O increases. O decreases. per ticket. c. When adult demand increases, the adult price: per ticket. does not change. O decreases. O increases. d. When adult demand increases, the student price: does not change.
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