Question: Please show work Free-Response #1: A firm has two potential buyers in town, buyer 1 with inverse demand P=20-2q and buyer 2 with inverse demand

Please show work

Free-Response #1: A firm has two potential buyers in town, buyer 1 with inverse demand P=20-2q and buyer 2 with inverse demand P=10-5q. (a) (4 points) Find the aggregate demand function in this market. (b) (6 points) Should the firm sell to buyer 1 only, buyer 2 only, or both buyers to maximize revenue? Prove your claim and find this maximum revenue value. (round to two decimals if necessary) Free-Response #2: Catalina is the only supplier of surfboards, giving her a monopoly. She sells surfboards to Big Kahuna with demand q=40-p and Lil Kahuna with demand q=60-4p, where q captures units of surfboards and p the price of each unit. Catalina's marginal cost is 10 for each surfboard

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