Assume at the end of the meeting between jack, hal, and sophia, they orally agree to enter into three separate contracts. one contract is for the sale of the intellectual property of the restaurant itself for $1,000,000. the second contract is for the sale of the building that the restaurant is located in for $250,000. the third contract is for the original sign that was outside the restaurant that jack currently has in his garage, for $400. which of these agreements violates the statute of frauds?
a. the sale of the building and the sale of the intellectual property.
b. the sale of the intellectual property and the sale of the sign.
c. all of the agreements violate the statute of frauds.
d. the sale of the building only.

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?