Suppose that at first, Bob charges the same price of $4 per admission in both markets so that the total number of admissions demanded isSuppose now that Bob decides to charge a different price in each market. To maximize revenue, Bob should chargein Market A and $per admission in Market B. At these prices, he will sell a total quantity ofComplete the following table by calculating Bob's total revenue from selling in both markets under the nondiscriminatory as well as the discriminatoryprice policy.Price PolicyNondiscriminatoryDiscriminatoryTotal Revenue$$Bob charges a lower price in the market with a relativelyper admissionadmission tickets per day.price elasticity of demand. Bob owns a plot of land in the desert that isn't worth much. One day, a giant meteor falls on his property. The event attracts scientists and tourists,and Bob 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 demand (D) curves and marginal revenue (MR) curves for the two markets. Bob's marginal cost of providing admissiontickets is zero.PRICE (Dollars per ticket)10mCD200Market AMRIIIII1 2 3 45 6 7 8 9QUANTITY (Admission tickets per day)DA10?PRICE (Dollars per ticket)10CDN00Market BMRDB B1 2 3 4 5 6 7 8 9QUANTITY (Admission tickets per day)10(?)

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uppose now that Bob decides to charge a different price in each market. To maximize revenue, Bob should charge $ per admission in Market B. At these prices, he will sell a total quantity of [ Market A and $ Complete the following table by calculating Bob's total revenue from selling in both markets under the nondiscriminatory as well as the discrimin rice policy. Price Policy Nondiscriminatory Discriminatory Total Revenue $ $ ob charges a lower price in the market with a relatively per admi admission tickets per price elasticity of demand.

uppose now that Bob decides to charge a different price in each market. To maximize revenue, Bob should charge $ per admission in Market B. At these prices, he will sell a total quantity of [ Market A and $ Complete the following table by calculating Bob's total revenue from selling in both markets under the nondiscriminatory as well as the discrimin rice policy. Price Policy Nondiscriminatory Discriminatory Total Revenue $ $ ob charges a lower price in the market with a relatively per admi admission tickets per 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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I pretty sure I got the first part right. I am struggling with bottom parts.
Give me correct and accurate answer with graph Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.