Answer: i. There are 140 students willing to pay $20.
ii. There are 200 staff members willing to pay $35.
iii. There are 100 faculty members willing to pay $50.
Step-by-step explanation: Suppose there are three types of consumers who attend concerts at Marshall university's 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:
A) If the performing arts center can charge only one price, what price should it charge? What are profits at this price? B) If the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits?
C) If the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?
Simple...
you have:
and
To solve for....
Multiply to remove the denominator-->>
n=12*3
n=36
Then-->>>
Do the same thing-->>
n=-12*3
n=-36
Thus, your answer.
Answer:
c. 1/4 x 40
Step-by-step explanation:
25% = 1/4
so the most logical option would contain 1/4, which is c.
Answer: (D) 
Explanation:
Just a note on writing down these expressions: I recommend using parentheses whenever you can to avoid misinterpretation. An expression 1/x-1/y / 1/x+1/y could be interpreted by someone as 1/x-(1/y / 1/x)+1/y, which is a different thing.
