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linda_us, Master's Degree

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suppose adults have the demand curve p=30-(2/5)quantity for

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suppose adults have the demand curve p=30-(2/5)quantity for tickets to local community theater. Children have a demand curve of p=10-(1/5)quantity. Furthermore, marginal cost = average cost = 4

1) Determine the price charged and number of tickets sold in each separate market. Draw a graph for each market. 2) Determine the total consumer surplus and the total producer surplus, Label these areas on your Graph. 3) Now, assume the theater wants to charge a single, uniform price in both markets. Draw a graph of the combined demand, and show the uniform price charged and total amount sold as well as the total consumer and producer surplus. 4) Determine consumer surplus, producer surplus with a uniform price. label these areas on the graph. 5) which pricing method does the producer prefer?

I can assist you with this. But there is lot of work in this, including drawing multiple graphs. Can you add a $30 bonus upon completion? Please let me know.

I have finished Part (1) [The calculations for price and quantity, and graphs for both markets]. In (2) I have to calculate the producers surplus, consumers surplus and put them on the graph. For (3), I have to do calculations and draw a totally new graph. In (4), I have to calculate and put surplus values etc. That was the amount of work.

Hello, I mentioned to you that I can't do the whole for this price. I can post answers to the first two parts only for this price. Let me know if you would like to have them.

The third part has both graph and calculations. First, I have to work out the combined demand function, price and demand, then graph them, and then use the graph to compute the surpluses. I really can't do that.