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)
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?