Only typed answer Juanita owns a plot of land in the desert that isn't worth much. One day, a giant meteorite falls on her property, making a large crater. The eventattracts scientists and tourists, and Juanita decides to sell nontransferable admission tickets to the meteor crater to both types of visitors: scientists(Market A) and tourists (Market B). The following graphs show daily demand (D) curves and marginal revenue (MR) curves for the two markets.Juanita's marginal cost of providing admission tickets is zero.PRICE (Dollars per ticket)10981010WDL100+2Market AMRA4 6 8 10 12 14 16 18 20QUANTITY (Admission tickets)Pricing PolicyNondiscriminatoryDiscriminatoryD?Total Revenue(Dollars)PRICE (Dollars per ticket)1098Juanita charges a lower price in the market with a relatively160 153 N210+0 2Suppose that at first, Juanita charges the same price of $4 per admission in both markets so that the total number of admissions demanded istickets.Market BSuppose now that Juanita decides to charge a different price in each market. To maximize revenue (and therefore, profits), Juanita should charge$per admission in Market A and $ per admission in Market B. At these prices, she will sell a total quantity ofadmissiontickets per day.MRB Pa4 6 8 10 12 14 16 18 20QUANTITY (Admission tickets)Complete the following table by calculating Juanita's total revenue from selling in both markets under the nondiscriminatory as well as thediscriminatory price policy.price elasticity of demand.

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Juanita owns a plot of land in the desert that isn't worth much. One day, a giant meteorite falls on her property, making a large crater. The event attracts scientists and tourists, and Juanita decides to sell nontransferable admission tickets to the meteor crater to both types of visitors: scientists (Market A) and tourists (Market B). The following graphs show daily demand (D) curves and marginal revenue (MR) curves for the two markets. Juanita's marginal cost of providing admission tickets is zero.

Juanita owns a plot of land in the desert that isn't worth much. One day, a giant meteorite falls on her property, making a large crater. The event attracts scientists and tourists, and Juanita decides to sell nontransferable admission tickets to the meteor crater to both types of visitors: scientists (Market A) and tourists (Market B). The following graphs show daily demand (D) curves and marginal revenue (MR) curves for the two markets. Juanita's marginal cost of providing admission tickets is zero.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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