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s] Kal is considering going to a new Superhe ro movie. The price of the movie ticket is $12, and the movie is 120 minutes long. K al’s “demand” for watching minutes of the movie (in dollar value) is: p=0.4-(1/240)m where m is the number of minutes of the movie he wa tches. If Kal leaves up to and including 30 minutes into t he movie, the cinema will return his entire $12. If Kal leaves between 30 and up to 60 m inutes, the cinema will only return $6 of his ticket. However, if Kal stays longer than 60 minutes, he cannot get back any of his ticket price. (a) [3 marks] Draw Kal’s demand curve. What is the high est price that he would have paid for the movie (assuming that he would stay til l the end)? (b) [5 marks] For how long will Kal stay in the cinema? Explain your answer
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