Problem # 3: "Price Discrimination." (15 points) Please read "Price Discrimination Example", Pages 590-592 (Hirschey textbook). Then, complete the following problem: A market analysis conducted by SUNY Canton suggests the following market demand and marginal revenue relations: Public Demand: Ppu = 225 - 0.005Qpu and MRpu = 225 - 0.01Qpu Student Demand: PST = 150 - 0.01QsT and MRST = 150 - 0.02QST Total fixed cost, marginal cost and total variable functions are, respectively: TFC =$1, 500, 000 and MCpu = MOST =$25 TVC = (MCpu *Qpu)+(MOST*QST) 1. Calculate the profit-maximizing equilibrium price and quantity in each market segment. 2. Calculate the total revenue, total cost, and total profit