Muses, Inc., a profit-maximizing business, is the only photography business in town that specializes in portraits of small children. George, who owns and runs Muses, expects to encounter an average of eight customers per day, each with a reservation price shown in the following table. Assume George has no fixed costs, and his cost of producing each portrait is $25.

a. Suppose George is permitted to charge two prices. He knows that customers with a reservation price above $30 never bother with coupons, whereas those with a reservation price of $30 or less always use them. George should set the list price of a portrait at $______.He shouldset the discount price at $_______.He will sell a total of _______portraits.

b. With the price scheme in part a, George's economic profit is $______and the consumer surplus is $_________