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[Solution Library] s 11 through 13 refer to the scenario that follows. An amusement park, whose customer set is made up of two markets, adult and children,

Question: Questions 11 through 13 refer to the scenario that follows. An amusement park, whose customer set is made up of two markets, adult and children, has developed demand schedules as follows:

Price ($)	Quantity, Adults	Quantity, Children
5	15	20
6	14	18
7	13	16
8	12	14
9	11	12
10	10	10
11	9	8
12	8	6
13	7	4
14	6	2

The marginal operating cost of each unit of quantity is $5. (Hint: Because marginal cost is a constant, so is average variable cost. Ignore fixed cost.) The owners of the amusement park want to maximize profit

Is profit higher, lower, or the same when the market is split with different prices for adults and for children?

Higher profit with split pricing

Lower profit with split pricing

Same profit with split pricing

Cannot determine with the information available

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[Solution Library] s 11 through 13 refer to the scenario that follows. An amusement park, whose customer set is made up of two markets, adult and children,

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