The State College Area High School footballteamischoosingtheirticketpricingscheme.Therearetwotypesofconsumers :Students(S)andNon-Students(N).Theinversedemandbystudentsis PS=703QS and the inverse demand by Non-Students is PN= 1005QN.The marginal cost of ticket production is MC= 10 for all consumers.

1.Suppose that the team sets two separate ticket prices,one for Students and one for Non-Students.

a)What is the non-student ticket price?How many non-student tickets are sold ?b)What is the student ticket price?How many non-student tickets are sold?

c)What are the team's profits?

d)Briefly describe what will happen if the students can somehow re-sell their tickets to non-students.