What price will it charge for daytime tickets

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Reference no: EM13203585

Cinema Theater has estimated the following demand functions for its movies:
Daytime demand, QD = 400 - 50 PD
Nighttime demand, QN = 200 - 20 PN

The marginal cost of serving another customer is $5 and its fixed costs are $100.
If the theater uses third degree price discrimination, what price will it charge for daytime tickets? How many will be sold?

Reference no: EM13203585

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