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Question 5 and 6, the total profit is 13.5 when price equal 6, what is the profit when the perfect price discrimination? And how to

Question 5 and 6, the total profit is 13.5 when price equal 6, what is the profit when the perfect price discrimination? And how to charge the first and second copy?

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QUESTION 1120 marks) A small school has 100 students. You have been commissioned school photographer. From experience. you know that parents' demand for copies of each child's photograph is as given in the table below. Your marginal cost is constant at $1.50 per copy. Quantity Demanded \" iuppose that you want to charge a uniform price per copy (i. e. be a single price monopoly}. i. How much will you charge to maximise your prot? {2 marks} ii. How many copies will you sell? {2 marks] iii. What is your prot during the week? {2 marks} iv. How much is the parents' consumer surplus? {4 marks} v. Suppose that you decide to practice perfect price discrimination. This is feasible as your product has no value to people other than the original buyer. What is your prot maximising number of copies per child? [5 marks} vi. How much will you charge for the first copy? The second copy? Each successive copy? {5 marks}

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