Joe’s knowledge of Excel and the Solver feature is limited so he asks you to enter and solve the problem for him, then answer the following questions. (Assume each question is independent unless otherwise stated.) 1. What should the weekly product mix consist of, and what is the weekly net profit? 2. Is the optimal solution to question 1 degenerate? Explain your response. 3. Is the optimal solution from question 1 unique, or are there alternate answers to this question? Explain your response. 4. What is the marginal value of one

At fenway park, home of the boston red sox, seating is limited to 38,000. hence, the number of tickets issued is fixed at that figure. the following graph shows the demand and supply for red sox tickets. use the graph input tool to you answer the following questions. you will not be graded on any changes you make to this graph. 0 38 76 100 90 80 70 60 50 40 30 20 10 0 price of tickets quantity of tickets (thousands) demand supply graph input tool market for tickets price 10 quantity demanded (thousands of tickets) 68 quantity supplied (thousands of tickets) 38 tax on buyers 0.00 seeing a golden opportunity to raise revenue, the city of boston levies a per ticket tax of $5 to be paid by the ticket buyer. boston sports fans, a famously civic-minded lot, send in the $5 per ticket. true or false: the entire tax burden falls on the team’s owners because supply is perfectly inelastic. true false