# Miron Floren, of Lawrence Welk Show fame, now tours the country performing at accordion concerts. A

Miron Floren, of Lawrence Welk Show fame, now tours the country performing at accordion concerts. A careful analysis of demand for tickets to Mr. Floren’s concerts reveals a strange segmentation in the market. Demand for tickets by senior citizens is described by Q0 = 500P−3/2 while demand by those under 65 years old is Qy = 50P−5. If the marginal cost of a ticket is \$3, how should tickets to Mr. Floren’s concerts be priced to maximize profits?

a. \$15 for senior citizens and \$4.50 for those younger
b. \$4.33 for all tickets
c. \$9 for senior citizens and \$3.75 for those younger
d. \$3 for senior citizens and \$10 for those younger e. \$6 for senior citizens and \$12 for those younger

ANS: C

### Save your time - order a paper!

Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines

Order Paper Now