Miron Floren, of Lawrence Welk Show Fame, Now Tours the Country

question 23

Multiple Choice

Miron Floren, of Lawrence Welk Show fame, now tours the country performing at accordion concerts. A careful analysis of demand for tickets to Mr. Floren's concerts reveals a strange segmentation in the market. Demand for tickets by senior citizens is described by while demand by those under 65 years old is Q_y = 50P^-4. If the marginal cost of a ticket is $3, how should tickets to Mr. Floren's concerts be priced to maximize profits?

• A) $9 for senior citizens and $4 for those younger
• B) $12 for senior citizens and $4.50 for those younger
• C) $3 for senior citizens and $8 for those younger
• D) $4.71 for all tickets
• E) $6 for senior citizens and $12 for those younger

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Definitions:

Muscular Contractions

The activation of tension-generating sites within muscle fibers leading to shortening or lengthening of the muscle and thus movement or posture maintenance.

Pelvic Area

The lower part of the torso, located between the abdomen and the thighs, encompassing the pelvis bones and reproductive organs.

Orgasm

A peak of sexual excitement, characterized by feelings of intense pleasure and by a series of involuntary contractions of the muscles of the genitals, often accompanied by the discharge of semen by the male and by vaginal contractions in the female.

Sexual Response

A series of physiological and emotional changes that occur in the body as a result of sexual stimulation.