Suppose you are the manager of a theatre company. You have identified two groups of customers. Group 1 has a demand given by Q 1 = 100 - 2P and Group 2 has a demand given by Q 2 = 120 - P. You are currently charging the same price, €40, to both groups. To maximize revenue, you should charge a price of.

Suppose you are the manager of a theatre company. You have identified two groups of customers. Group 1 has a demand given by Q 1 = 100 - 2P and Group 2 has a demand given by Q 2 = 120 - P. You are currently charging the same price, €40, to both groups. To maximize revenue, you should charge a price of.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter8: Monopoly

Section: Chapter Questions

Problem 3SQP

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