Question: QUESTION 4 Yo Yo Ma will be performing at the Chicago Symphony Orchestra on New year's eve. There are two classes of demand: Youth and

 QUESTION 4 Yo Yo Ma will be performing at the Chicago

Symphony Orchestra on New year's eve. There are two classes of demand:

QUESTION 4 Yo Yo Ma will be performing at the Chicago Symphony Orchestra on New year's eve. There are two classes of demand: Youth and General. The Youth demand function is d (p ) = (5000 - 250p ) + and the General demand function is d (p ) = (10000 - 125p ) +. Suppose that an unlimited number of seats are available. Then what are the revenue optimal prices for the youth and the general population? O 1.$10 for Youth and $40 for General O 2.$20 for Youth and $80 for General 3.$10 for Youth and $60 for General O 4. None of the above QUESTION 5 Consider the previous question (Q4). Suppose that the number of seats available is 10,000. Then what are the revenue optimal prices for the youth and the general population? O 1. $10 for Youth and $60 for General O 2. None of the above O 3.$20 for Youth and $80 for General O 4.$10 for Youth and $40 for General

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