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Question 1 A manager faces two separate markets. The estimated demand functions for the two markets are QA = 1600 - 80PA QB = 2400 - 100PB age Find the inverse marginal revenue functions. Find the total marginal revenue functions. If the manager has a total of 650 units to sell, how should the 650 units be allocated to maximize total revenue? Question 2 The Financial Herald, a weekly newspaper specializing in corporate financial news, is purchased by both businesspeople and students. A marketing research firm has estimated the two linear demand and marginal revenue functions shown in the following figure. MRg is the estimated marginal revenue for the business readers, and MRs is the estimated marginal revenue for the student readers. The production department at The Financial Herald estimates a linear marginal cost function for newspaper production, which also is graphed in the following figure. All quantities are in units of 1,000 per week. 1.60 1.40 MC Price and cost (dollars) 120 1.00 0.80 0.60 0.40 0.20 MR MRB Ds to 20 30 40 50 60 70 BO 90 100 H10 120 Quantity (thousands of units] a. How many total copies should The Financial Herald print each week? b. How many copies should be sold to business readers? How many copies should be sold to students? C. What price should business readers be charged? What price should students be charged? Question 3 Return to the bundle pricing problem facing Crystal Channel, Inc. In parts a c, suppose the manager now knows not only the demand price information in the following Table, but also knows how to identify subscribers as either family-oriented or adult-oriented viewers. Number of Family package Adult package Family and viewer type Type of viewer only only adult bundle 2,000 Family oriented $100 $ 50 2,00 Adult-oriented 25 100 125 What prices should Crystal Channel Inc. charge family-oriented viewers for each of the two channel packages separately to maximize total revenue and profit? What prices should adult-oriented viewers be charged? How much total revenue can be generated each month under this pricing plan? b) Explain why the prices in part a represent price discrimination and identify the type of price discrimination. c) Does the total revenue generated under price discrimination in part a exceed the total revenue from charging $125 for the bundle containing both family and adult channel packages? Explain why or why not