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Problem 1 Consider selling tickets for Berkeley and Stanford football game to be held at a stadium with 60,000 seating capacity. Demand curves for general
Problem 1 Consider selling tickets for Berkeley and Stanford football game to be held at a stadium with 60,000 seating capacity. Demand curves for general public and students are given by dgipg ) = ouncesowing r . (23(1),) =(20.000 1.250;): r. a} {0.5 pts) Determine the maximum willingness to pay for each segment? b} {0.5 pts) Formulate the constrained optimization problem if the manger wants to charge separate priCes for students and the general public? c) {0.5 pts) Consider the optimization problem you formulated in part b} Determine p; and 10;, and also the resulting total revenue when these two prices are charged
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