Suppose there are three types of consumers who attend concerts at your 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 attend the 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.

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?

reduce the friction between its moving parts

step-by-step explanation:

in fact, by reducing the friction between the moving parts of the machine, it is possible to reduce the energy wasted due to this friction; therefore, more input energy is converted into useful work, and this will improve the efficiency of the machine.

x is greater than 5

step-by-step explanation:

2x+7 is greater than 17

    -7                           -7

2x is greater than 10

divide by 2 each side

x is greater than 5