AMC sells movie tickets to seniors and the general public. The demand function for seniors is QS=100-10P and the demand function for the general public is Q=100-4P. 1.) Find the marginal revenue for each group. 2.) Suppose the marginal cost of a movie patron is $2. Find the optimal quantities and prices they would charge each group if AMC engaged in third-degree price discrimination. 3.) Would their profits be higher if they charged a single price?

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A: Referencehttps://kfknowledgebank.kaplan.co.uk/acca/chapter-4-pricing

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