Can someone please answer these questions asap? Thank you Jackie owns a Jazz club in Manhattan and charges an entrance fee for her club. There are two types of customers coming for live music to Jackie's club: 1) Those who live in the Upper East Manhattan, and 2) Those who live in the Upper West Manhattan, and Jackie cannot decide who lives where. Jackie does not own a liqueur license, hence cannot sell any alcoholic beverages. So, Jackie allows her customers to bring their own wine. The unit cost (i.e., marginal cost) of a glass of wine is $8 for anyone in the city.There are roughly 40 customers from east and 80 customers from west who come to the club every day. Jackie does not have any fixed cost as the Jazz band members are allher friends and they play in the club for free. The daily inverse demand for wine for a customer who resides in the Upper East Manhattan is PE = 24 - QE, where QE is thenumber of glasses of wine that one East side customer wants to bring to the club in a day at a price of Pe per glass of wine. The daily inverse demand for wine for a customerwho resides in the Upper West side is Pw = 18 - Qw, where w is the number of glasses of wine that one West side customer wants to bring in a day at a price of Pw per glass of wine

Question 2.B) Jackie is considering to rent a liqueur license so she can start selling wine. The daily cost of the liqueur license is $20, which is a daily fixed cost for Jackie. Jackie still cannot decide who lives where but is hoping to improve its prunt by selling wine. Jackie will apply a two-part tariff, that is, she will charge an entrance fee and a price for a glass of wine. Calculate Jackie's daily profit. Determine whether it is worth it to buy the liqueur license by comparing Jackie's daily profit with or without the license and how much would Jackie be willing to pay daily for the license.(Enter "0" is Jackie prefers not to rent the license at any cost.) With optimal two-part pricing and $20 daily cost of the liqueur license, Jackie's daily profit is $ type your answer... Jackie choose your answer... V Jackie would be willing to pay up to $ type your answer... daily for the liqueur license