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Question: study pro solved at the end of the section seven...

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STUDY PRO solved at the end of the section) seven potential customers are interested in seeing a movie. Because the marginal cost of admitting additional customers is zero, the ovie theater maximizes its profits by maxi 2 mizing its revenue Customer Allison Becky Charlie David Erin Franco Maximum willingness to pay 58 Age 34 6 7 6 10 9 45 16 9 28 14 Grace a. What price would the theater charge if it could charge only one price? b. If the theater could charge two prices, what prices would it choose? Which custom- ers would pay the higher price, and which would pay the lower price? c. How much profit does the theater make when it charges only one price? How

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