Suppose that an airline offers two types of tickets to France: economy, with price PL and quality SL, and first class, with price PH and quality SH. It costs the airline 10s per flight to provide a seat of quality s. There are two types of consumer, high-type and low-type. The high-type consumer values quality according to V (s) = 30s - s for s 10 and VH (s) = 100s - s for s> 10, whereas the low-type consumer values it according to VL(s) = 50s - s. Q3. If the airline could distinguish and separate the two types, what ticket price and quality level would it choose for an economy seat? (a) (PL, SL) = (675, 15) (b) (PL, SL) (875, 25) = (c) (PL, SL) (725, 15) = (d) (PL, SL) = (800, 20) (e) (PL, SL) (600, 20) = Q4. If the airline could distinguish and separate the two types, what ticket price and quality level would it choose for a first class seat? (a) (PH, SH) = (2475, 45) (b) (pH,SH)= (3600, 60) (c) (PH, SH) = (3625, 40) (d) (pH, SH) = (2700, 60) (e) (PH, SH) = (3375,45) Q5. If the airline cannot distinguish and separate the two types, what ticket price and quality level would it choose for an economy seat? (a) (PL, SL) = (300, 10) (b) (PL, SL) (400, 10) = (c) (PL, SL) = (445, 15) (d) (PL, SL) = (500, 10) (e) (PL, SL) (325, 15) =