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suppose there are three types of consumers who attend concerts at your university performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: • there are 150 students willing to pay $20. • there are 200 staff members willing to pay $35. • there are 120 faculty members willing to pay $50. instructions: enter your answers as a whole number. a. if the performing arts center can charge only one price, what price should it charge? $ 35 b. what are profits at this price? $ 10200 c. if the performing arts center can price-discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? $ d. if the performing arts center can perfectly price-discriminate and charge students, staff, and faculty three separate prices, what are its profits? $

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