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(Solved) Given the following demand curves for 2 groups of consumers: Q_1=75-1.5P_1 , Q_2=120-2P_2 , If the marginal cost of production is $5unit, find the

Question: Given the following demand curves for 2 groups of consumers:

\[\begin{aligned} & {{Q}_{1}}=75-1.5{{P}_{1}} \\ & {{Q}_{2}}=120-2{{P}_{2}} \\ \end{aligned}\]

If the marginal cost of production is $5\unit, find the change in total surplus resulting from the firm using 3 rd degree price discrimination.

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