In a month, caleb can produce a maximum of either 30 bushels of pears or 15 bushels of apples, or any linear combination in between. similarly, diane can produce a maximum of either 20 bushels of pears or 5 bushels of apples, or any linear combination in between. 1st attempt part 1 what is the opportunity cost for caleb to produce one more bushel of apples in terms of pears? one bushel of apples equals bushels of pears. what is the opportunitycost for diane to produce one more bushel of apples in terms of pears? one bushel of apples equals bushels of pears.

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?