Question: Please help solve those two problems. QUESTION 1 2 points Save Ans Suppose that Billie obtained a hi-fi system and turntable during the pandemic. Furthermore,

 Please help solve those two problems. QUESTION 1 2 points Save

Please help solve those two problems.

Ans Suppose that Billie obtained a hi-fi system and turntable during the

QUESTION 1 2 points Save Ans Suppose that Billie obtained a hi-fi system and turntable during the pandemic. Furthermore, suppose that, each month, Billie's demand for vinyl records is described by Q = 20 - 0.5P (and their inverse demand curve is described by P = 40 - 2Q), where Q is quantity of new vinyl records per month and P is price per record. Given this demand curve, what is the most that Billie would be willing to pay for a subscription service where they must pay a fixed fee and can then obtain as many vinyl records as desired each month? $50 $100 $200 $300 $400 QUESTION 2 2 points Save Answ Suppose Apple has started production on a new virtual reality headset. Unsure of how much to charge for the headset, they hire a consulting firm to estimate demand. The consulting firm finds that demand is described by Q = 10,000 - 5P (and inverse demand is described by P = 2,000 - 0.2Q), where Q indicates quantity of headsets sold and P denotes price in US dollars. If the marginal cost of producing the headsets is constant at $1,000 what price should they charge? O.$1,000 $1,600

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