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For questions 5 - 6 use the following information. A traveling circus is evaluating its pricing policy for the next town it will visit. Demand

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For questions 5 - 6 use the following information. A traveling circus is evaluating its pricing policy for the next town it will visit. Demand comes from two sources: children (under 12) and adults. The demand from children and its inverse are given by 1 Qc=60060-Pc 4:) P0=105QC The demand from adults and its inverse are given by QA=80025-PA 4:) PA=32%QA The circus management people are experienced at identifying whether a person is under 12 or not, and so are able to charge a different price for children under 12 than for other people. The marginal cost per adult is zero, but the marginal cost per child under 12 is $1 because each child under 12 gets a free gift. The circus tent cannot accommodate more than 750 total people (children plus adults). 6. For the purposes of their visit to the next town, the circus could rent a larger tent, which would increase their capacity to 1,000 people. What is the maximum amount of money that the circus should be willing to pay to rent the larger tent

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