Over the next 100 years, real gdp per capita in groland is expected to grow at an average annual rate of 2.0%. in sloland, however, growth is expected to be somewhat slower, at an average annual growth rate of 1.5%. if both countries have a real gdp per capita today of $20,000, how will their real gdp per capita differ in 100 years? the living standard in sloland will be 51.8% of that in groland. the living standard in sloland will be 61.2% of that in groland. the living standard in sloland will be 25.6% of that in groland.

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?