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5 . Individual Problems 14-2 A local Pilates studio recently began offering a monthlyr subscripb'on service for its patrons. Suppose a parlicular patron at this studio has the following willingnesstopav schedule, per session. Session Willingness to Pay lst $?0 2nd $60 3rd $50 401 $40 501 $30 001 $20 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 $10. At a price of $65.00 per session, the number of sessions demanded by this consumer would be S . At this price and quantity, consumer surplus Suppose the studio has devised a new pricing scheme for consumers who demand more than 1 session. This pricing scheme is a subscription service, whereinr consumers can pairr a at fee of $216.00 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 . (Hint: For consumer surplusI consider how much total value the consumer places on all sessions, versus the total price paid.) .'xci ' _ , _ Save a Contrnue _ _ uc- . -u_:c- Pnntinl IEI. Iuilhnl rl aquinn