show work plz and answer only question 8, the rest is for context. PLEASE ANSWER QUESTION 8. PLEASE ANSWER QUESTION 8. PLEASE ANSWER QUESTION 8. PLEASE ANSWER QUESTION 8. PLEASE ANSWER QUESTION 8. PLEASE ANSWER QUESTION 8.

Question 4 12.5 pts For Questions 4-7, use the following information: Suppose PNW Airlines, who has capacity of 100,000 cubic feet and operating costs of $50,000 can differentiate the customer demand into two: Demand from the segment that is willing to commit early for a lower price has the demand curve d=300,000-30,000p and the demand from the segment unwilling to commit early has the demand curve: d=300,000-10,000p. Question 4: Optimal price for the lower price segment falls into which range? Less than 10$ More than $20 Between $16 and $20 Between $12 and $16 Between $10 and $12 Question 5 12.5 pts Optimal price for the higher price segment falls into which range? Between $12 and $16 More than $20 Between $10 and $12 Between $16 and $20 Less than $10 Question 7 12.5 pts What would be the optimal price if he were to set a single price for the two segments? Between $12 and $16 Less than 10$ Between $10 and $12 Between $16 and $20 More than $20 Question 8 12.5 pts How much does his profit increase if he sets different prices for different segments as in Questions 4 and 5 (compared to the case when he sets a single price for both segments as in Question 7)? More than $2,000,000 Between $1,000,000 and $1,600,000 Between $500,000 and $1,000,000 Less than $500,000 Between $1,600,000 and $2,000,000