Ivan runs a small independent movie theatre in Scarborough, which presently attracts 1,000 customers per week at a ticket price of $6. His customer base comprises 800 adult customers and 200 seniors. He would like to increase his total revenue by practising price discrimination. He knows that the demand by adults is fairly inelastic and that a change in the admission price of $1 would change the quantity by 90 customers. He also recognizes that the demand by seniors is fairly elastic and a $1 change in the price would result in a change of 60 customers. Seniors Total Adults Total Price Quantity Revenue Quantity Revenue $2 4000 200 a. From this information, complete the table above. b. What is Ivan's present total revenue? Total revenue: $ 0000 c. Should he increase or decrease the price for adults? Should he increase or decrease the price for seniors? Adults: Increase Seniors: Decrease d. What price will maximize the total revenue from adult customers? Adult price: $[ e. What price will maximize the total revenue from seniors? Seniors' price: $| f. What will be the total revenue from both groups? Total revenue: $ Total revenue from adults: $ Total revenue from seniors: $

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You are looking for a car to lease. Your income is $3,000 per month, and you know that you should not spend more than 20 percent of your income on a car payment. You have found four deals in the table below. options Location Monthly Rent Toyota Camry $400 Lincoln MKZ $660 Ford Fusion $380 BMW 740 $720 Instructions: In order to receive full credit, you must make a selection for each option. For the correct answer(s), click the box once to place a checkmark. For the incorrect answer(s), click the option twice to empty the box. Suppose you adhere to the 20 percent guideline but also receive a $100 monthly allowance from your parents towards your car payment, which option(s) fall within your budget? Group of answer choices Toyota Camry Lincoln MKZ Ford Fusion BMW 740

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