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Write the equation for the adult marginal revenue curve mr

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Reference no: EM132407247

The Mosbacher Bus Company provides jitney service between two rural communities. It sells tickets to both adults and children. The demand functions for the two groups below:

Adults: Qa= 40- .20 Pa Children: Qc= 100 - 2 Pc

The Q's are the number of trips demanded per day by the two groups and the P's are the fares. Assume that Mosbacher is a constant third- degree price discriminator with TC= 20 Q, where Q is the total number of trips taken per day by the two groups together.

  1. Write the equation for the adult marginal revenue curve MRa =
  2. Write the equation for the child marginal revenue curve MRc =
  3. What fare does Mosbacher charge in the adult sub market and how many tickets per day does it sell there? Pa = , Qa=
  4. Compute the point PED at ( Pa, Qa). PEDa =

Reference no: EM132407247

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