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 TotsPoses, 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 $32.

1. George is very experienced in the business and knows the reservation price of each of his customers.If he is allowed to charge any price he likes to any consumer,he will produce ______portraits each day.His economic profit will be $_______per day.

(Hint: George uses perfect price discrimination.)