5 . Individual Problems 14-2 A local Pilates studio recently began offering a monthly subscription service for its patrons. Suppose a particular patron at this studio has the following willingnessto-pay schedule, per session. Session Willingness to Pay lst $91 2nd $?B 3rd $65 4th $52 5th $39 6th $26 Suppose this consumer would not demand any more sessions, even for free. Also assume that the marginal cost to the studio, per session, is constant at $13. At a price of $84.50 per session, the number of sessions demanded by this consumer would be \\:i . At this price and quantity, consumer surplus is and producer surplus is 5 Suppose the studio has devised a new pricing scheme for consumers who demand more than 1 session. This pricing scheme is a subscription service, wherebyr consumers can pay aflat fee of $280.80 and can have up to 6 sessions total. Using this subscription pricing model, this consumer would demand V sessions. Under this scenario, consumer surplus is|:|and producer surplus is \\:i. (Hint: For consumer surplus, consider how much total value the consumer places on all sessions, versus the Grade It Now Save & COI'I'IiIIllE Continue without saving total price paid.)