Offer tickets to a movie at zero marginal cost

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Reference no: EM13802610

Suppose the demand for a movie ticket can be written as:

P = 10 – QS for senior citizens and P = 18 – Q G for all other consumers.

If the cinema can offer tickets to a movie at zero marginal cost and can verify the purchaser’s age, what prices will be charged?

Seniors get in for free; everyone else pays £18.

Seniors pay £10; everyone else pays £18.

Seniors pay £5; everyone else pays £9.

Everyone pays £7.

Reference no: EM13802610

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