i only want q7, but q7 uses the data from q6. please do not do q6

hint given for QUESTION 7 is

(Hint: you have information about quantities and prices in 1995 - that gives you one equation that relates AG and bG for the general public and AS and bS for students. In addition you know that the prices were optimal so they satisfy the first-order conditions for the maximization problem that The Roxy must have solved to find out which prices to charge - that gives you a second equation. Using the two equations for each segment (one segment is the general public and the other is students) you can find out what AG and bG are for the general public and AS and bS are for students. Now you can use this information to find out the optimal prices that The Rocky should charge in 1998).

Question 6 Assume that in 1995. the prices that The Roxy charged, $6 for the general public and $4.80 for students were optimal [these prices maximized the prots of The Roxy}. Using this assumption. what can you conclude about the elasticity of demand for ticl-tets by the general public and by students? Given your answer, is it a good idea to eliminate students' discounts {i.e., charge everyone $5 for admission). Question 1' (this is a bonus question; if you solve it correctly we'll. get 3 extra. points] Assume once again that the prices that The Roxy charged in 199-5 were optimal, and assume in addition that the inverse demand functions of general public and students are linear. That is, the inverse demand function ofthe general public is p = Ac 1150, where p is the price. 0 is the quantity, and AG and ho are positive parameters. and likewise. the demand function of students is P = A: - 1150. where its and log are positive parameters. Given these assumptions, compute the optimal prices that The Roxy should set. Explain your answer carefully