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A careful analysis of demand for Bubbles in Strasburg, North Dakota, reveals a strange segmentation in the market.(Recall Bubbles is the beverage which produces an unexplained craving for Lawrence Welk's music.It is produced by the process Q minR/5, W , where R is the number of pulverized Lawrence Welk records and W is gallons of North Dakota well water.PR $1, PW $4.) If demand for Bubbles by senior citizens is described by Q0 500P3/2 while demand by those under 65 years old is Qy 50P5, how should Bubbles be priced to maximize profits?
A) $13 for all citizens of Strasburg
B) $9 for senior citizens and $30 for those younger
C) $27 for senior citizens and $11.25 for those younger
D) $13.50 for senior citizens and $45 for those younger
E) $60 for senior citizens and $25 for those younger
On May 21, 2024