Business, 03.01.2020 04:31 winterblackburn78

As a manager of a chain of movie theaters that are monopolies in their respective markets, you have noticed much higher demand on weekends than during the week. you therefore conducted a study that has revealed two different demand curves at your movie theaters. on weekends, the inverse demand function is p = 20 – 0.001q; on weekdays, it is p = 15 – 0.002q. you acquire legal rights from movie producers to show their films at a cost of $25,000 per movie, plus a $2.50 "royalty" for each moviegoer entering your theaters (the average moviegoer in your market watches a movie only once).

a) what price should you charge on weekends?

b) what price should you charge on weekdays?

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As a manager of a chain of movie theaters that are monopolies in their respective markets, you have...

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