Question: Please help to solve this question. Detailed steps are required. The example in lecture note doesn't contain other important information for this question. The useful
Please help to solve this question.
Detailed steps are required.
The example in lecture note doesn't contain other important information for this question.
The useful information is listed in the question.

6. Fill in the blanks (1 mark) Continue from the Fitness-First gym example in the lecture note, whereby each high-income consumer has inverse demand Ph = 16 - qh and each low-income consumer has inverse demand P1 - 12 - q1. The marginal cost per-visit is 4, and there is no fixed cost. Recall we already knew that the two constraints for second-degree price discrimination give TL = 12q1 - - and TH = 16qH - 4q1 - 2 Suppose there are 20 high-income consumers and NV 2 1 low-income consumers, what is the lowest possible integer value of NV such that it is still weakly more profitable for the gym to serve both low-income and high-income consumers (relative to serving high-income consumers only)? The answer is: 1 Enter the correct answer below. Please enter a number for this text box
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