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Miron Floren, of Lawrence Welk Show fame, now tours the country performing at accordion concert. A careful analysis of demand for tickets to Floren's concerts

Miron Floren, of Lawrence Welk Show fame, now tours the country performing at accordion concert. A careful analysis of demand for tickets to Floren's concerts reveals a strange segmentation in the market.....

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21 . Miron Floren, of Lawrence Welk Show fame, now tours the country performing at accordion concerts. A careful analysis of demand for tickets to Mr. Floren's concerts reveals a strange segmentation in the market. Demand for tickets by senior citizens is described by Qo = 500p-3/2 while demand by those under 65 years old is Qy = 50P-4. If the marginal cost or a ticket is $3, how should tickets to Mr. Floren's concerts be priced to maximize profits? a $9 for senior citizens and $4 for those younger b . $12 for senior citizens and $4.50 for those younger C . $3 for senior citizens and $8 for those younger d. $4. 71 for all tickets e . $6 for senior citizens and $12 for those younger

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