MC = $7
Q0 = 250 - 4P
Q1 = 300 - 6P
1- Write the total demand equation from the equations above.
2- If all demand is satisfied at one price, what price will maximize profits?
3- If demand is satisfied using two different prices, which two prices should be chosen to maximize profits?
4- How much more profit can be made by using the two price strategy in your answer to question 3?