Kelly made a written contract to sell certain land to brown and gave brown a deed to the land. thereafter, kelly sued brown to get back a 20-foot strip of the land. kelly claimed that before making the written contract, it was agreed that kelly would sell all of his land to brown to make it easier for brown to get a building permit, but after that was done, the 20-foot strip would be reconveyed to kelly. was kelly entitled to the 20-foot strip? what ethical values are involved? [brown v. kelly, 545 so. 2d 518 (fla. app.)]

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?