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A park has a capacity to hold 60,000 people on any particular

Question # 00580786
Subject: Economics
Topic: Microeconomics
Due on: 08/30/2017
Posted On: 08/30/2017 01:01 PM

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Price as a function of Quantity

A park has a capacity to hold 60,000 people on any particular day.

Using third degree price discrimination - demand for 2 groups (boys & girls)
is:
Q /6000 + P = 8 Q / 6000 + P = 6
b b g g

The hint provided is: Marginal Revenue in the two markets must be equal

How do I figure out what to charge for admission to the boys and girls respectively?

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A park has a capacity to hold 60,000 people on any particular

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