1.Promoters of a major soccer tournament estimate that the demand for tickets on the part of adults is given by QA = 5,000 - 10P, and that the demand for tickets on the part of students is given by QS = 10,000 - 100P. The promoters wish to segment the market and charge adults and students different prices. They estimate that the marginal and average total cost of seating an additional spectator is constant at $10.

A)How many tickets will be sold to adults and at what price? (5)

B)How many tickets will be sold to students and at what price? (5)

If the stadium where the event is to take place has a capacity of only 5,000 seats.

C)How many tickets will be sold to adults and at what price? (2)

D)How many tickets will be sold to students and at what price? (8)