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Fiji Airways has space for 300 passengers on each trip from Nadi to Sydney. There are two market segments: business class passengers and economy class

Fiji Airways has space for 300 passengers on each trip from Nadi to Sydney. There are two market segments: business class passengers and economy class passengers. The demand curve for the business class segment is Q1 = 750 - 4P1. The demand curve for the economy class segment is Q2 = 850 - 2P2. In each equation, Q denotes the number of passengers on a (one-way) trip and P denotes the ticket price per day. The marginal cost of serving a passenger of either type is $100 per person per day. Assuming that Fiji Airways can price discriminate: a) What is the profit-maximizing number of passengers of each type? b) What is the profit-maximizing ticket price for each type of passenger

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