Question: Based on the linear demand distribution (i.e., price response function), demonstrated in the figure below, answer the following sub-questions (1-4). Demand 5,200 0 c=$6.5 $19

Based on the linear demand distribution (i.e.,

Based on the linear demand distribution (i.e., price response function), demonstrated in the figure below, answer the following sub-questions (1-4). Demand 5,200 0 c=$6.5 $19 Price To have full marks, you need to show your workings. For any decimals in your workings including final answers, round off to two decimal places, if applicable. You can copy and paste the sub-questions (1-4) in your text box and then start typing your answers. 1. Calculate optimal one-to-one pricing profit. 2. Calculate the optimal single price and its corresponding profit. 3. Now, the customers are divided into two segments according to WTP (Willingness To Pay) as follows: Segment 1 all customers with WTP> $13, Segment 2 all customers with WTP $13. Find the optimal price for EACH segment and calculate the total profits. 4. Discuss how price differentiation can be a lever to manage waiting lines and improve customers' waiting

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