An investment broker wants to invest up to dollar-sign 28 comma 000 point She can invest in two mutual funds based on their yearly average return for the 5 years ending December 31, 2009: the Franklin Natural Resources fund yielding 7 % and the Oppenheimer Developing Markets A fund yielding 13 % Baseline Number . She wants to invest at least dollar-sign 7000 in the Franklin Natural Resources fund and no more than dollar-sign 11,000 in the Oppenheimer Developing Markets A fund. How much should she invest in each type of fund to maximize her return?

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?