1.Suppose that you are the manager of a pizzeria that produces pizza at a constant marginal cost of $6 per pizza.The pizzeria is a local monopoly near a college campus.During the day, only students eat at your restaurant.In the evening, while students are studying, faculty members eat there.If students have an elasticity of demand for pizzas equal to- 4and faculty has an elasticity of demand equal to- 2 , what should your pricing policy be to maximize profits?Explain the intuition behind your result.