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A movie monopolist sells to college students and other adults, as in Worked-Out Problem 18.2 (page...

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Advance Math

A movie monopolist sells to college students and other adults,as in Worked-Out Problem 18.2 (page 635). The demand function forstudents is

         QdS=1,000?100P,

and the demand function for other adults is

         QdA=4,500?100P.

Marginal cost is $2 per ticket.

Instructions: Round your answers to 2 decimalplaces.

a. What prices will the monopolist set when she can discriminate?How will discrimination affect the monopolist's profit?    

    Pstudent = $ perticket.

    Padult = $ perticket.

    Profit = $.

b. What prices will the monopolist set when she cannotdiscriminate? How will it affect her profit?

    Peveryone = $ perticket.

    Profit = $.

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