l. {15 points} You did so well selling concert tickets Ihat you've been put in charge of organising the next concert. Specifically, you need to book a musical act and decide on re ticket price. if you book a musical act wilh 5 million song streams {a measure of their popularity} and charge $p for each ticket, you will sell t = slips) tickets, you will need to pay your musical act $f{s] for their appearance fee, and you will need to pay Itself] for a venue large enough. Your goal is to maximise concert prots. a] {2 points] What do you expect the signs of Eli\" q; f', and U\" to be?I For each, explain why. b} {E'- points} Formally write the prot maximisation problem. c} {2 points} Write the maximisation problem's first order conditions. For the rest of the problem, suppose miss] = \"g m} = i\" as = r describe the ticket sales, cost of the musical act, and cost of the venue. d} {E'- points} What price should you charge per ticket? e} {3 points} How popular of a musician should you book? I} {2 points} Choose one of the first order conditions and interpret it in terms of the concepts of marginal revenue and marginal cost