Question: Suppose a stream is discovered whose water has remarkable healing powers. You decide to bottle the liquid and sell it. The market demand curve is

Suppose a stream is discovered whose water has remarkable healing powers. You decide to bottle the liquid and sell it. The market demand curve is linear and is given as follows: P = 30 - Q The total cost associated with bottling and selling the drink is TC = 200 +3Q. You are sole seller of the product. Suppose you have recently learned that you can segment the market for your drink as follows: Q1 = 12 - .3P Q2 = 18 - .7P a. What price and quantity will you charge to each group. b. What is your revenue in each market segment? What is your total revenue? c. At this outcome, what is your total cost? d. At this outcome, what is your profit/loss

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