Can you please answer these questions. I've messed this entire question up a fair bit! Thank you!
A manufacturer of flash drives has a profit function 7 = t - 9q" where t is the price charged for a flash drive and 9q" is the cost of producing a drive whose capacity is q gigabytes. A consumer of type 0 has a utility function u = 0q - t, where 0 takes on a value of 12 for H-type consumers, or 11 for L-type consumers. There are 10 consumers of each type. A consumer gets zero utility if she does not buy. If a consumer is indifferent between buying two flash drives, assume she will buy the one with more gigabytes. If a consumer is indifferent between buying a flash drive and not buying, assume she will buy. Answer the following. If rounding is needed, round to 3 decimal points. 3) (0.25 point) Suppose (q L, t L) is the optimal (profit maximising) capacity-price bundle for L-type consumer under complete information. What is the value of t [? 121/18 b) (0.25 point) Suppose (q H, t H) is the optimal (profit maximising) capacity-price bundle for H-type consumer under complete information. What is the value of t H? 8 c) (0.5 points) What is the seller's overall profit under complete information? 73.611 For part d) - i), assume information is asymmetric. d) (0.5 point) Suppose that the seller continues to offer the capacity-price bundles that maximises his profit under complete information: that is, he offers (q L, t L) and (q n, t). What is the utility for the type Of consumer from buying the (q H, t H) bundle? That is, what is un(q H, t H)? 265/18 ) (1 points) What is the utility for the type Of consumer from buying the (q L, t L ) bundle? That is, what is un (q L; tL.)? f) (1 point) What are the seller's profits if he offers the bundles (q L, t L) and (q H, t H) when information is asymmetric? Now suppose the seller decides to offer a menu of capacity-price bundles (qu, tz) and (qH, tH) to incentives the two types of consumers to sort themselves out. Answer part g) to i) in this context. g) (1 point) For H-type consumer, what is the optimal (profit maximising) level of qu? 2/3 h) (1 point) Suppose (qi, t;) is the optimal (profit maximising) capacity-price bundle for L-type consumer under asymmetric information. What is the value of ty? 121/18 i) (0.5 points) What is the seller's overall profit under asymmetric information if the seller offers a menu of profit maximizing capacity-price bundles (qL, tL) and (qH, tH) to consumers? 73.611 Please put an answer in each input field