Suppose that at first, Kenji charges the same price of $8 per admission in both markets so that the total number of admissions demanded is tickets. Suppose now that Kenji decides to charge a different price in each market. To maximize revenue, Kenji should charge $ Market A and $ per admission in per admission in Market B. At these prices, he will sell a total quantity of admission tickets per day. Complete the following table by calculating Kenji's total revenue from selling in both markets under the nondiscriminatory as well as the discriminatory price policy. Total Revenue Pricing Policy (Dollars) Nondiscriminatory Discriminatory Kenji charges a lower price in the market with a relatively price elasticity of demand.

Suppose that at first, Kenji charges the same price of $8 per admission in both markets so that the total number of admissions demanded is tickets. Suppose now that Kenji decides to charge a different price in each market. To maximize revenue, Kenji should charge $ Market A and $ per admission in per admission in Market B. At these prices, he will sell a total quantity of admission tickets per day. Complete the following table by calculating Kenji's total revenue from selling in both markets under the nondiscriminatory as well as the discriminatory price policy. Total Revenue Pricing Policy (Dollars) Nondiscriminatory Discriminatory Kenji charges a lower price in the market with a relatively price elasticity of demand.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Nn.47. Subject :- Economy
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