Charles lackey operates a bakery in idaho, falls because of its excellent product location, demand has increased by 35% in the last year. on far too many occasions, customers have not been able to purchase the bread of their choice. because of the size of the store, no new ovens can be added. at a staff meeting, one employee suggested ways to load the ovens differently so that more loaves of bread can be backed at one time. this new process will require that the ovens be loaded by hand, requiring additional manpower. this is the only production change that will be made in order to meet the increased demand. the bakery currently makes 1,800 loaves per month. employees are paid $8.00 per hour. in addition to the labor cost, charles has a constant utility cost per month of $800 and a per loaf ingredient cost of $0.40.current multifactor productivity for 640 work hours per month=

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?