There are 1500 potential travellers each day on the London-Berlinroute. Some are

There are 1500 potential travellers each day on the London-Berlinroute. Some are Free-Spenders travellers who are willing to pay 400for an unrestricted ticket and 240 for a restricted ticket; some areBudget-Minded travellers who are willing to pay 180 for an unrestricted ticket and 150 for a restricted ticket. Travellers buy the ticketthat gives them the highest surplus (equal to the dierence between thewillingness to pay and the price) provided that this surplus is positive.(a) Suppose that 500 are Free-Spenders and 1000 are Budget-Minded.Compare various pricing policies and determine which one yieldsthe highest revenues.(b) Suppose that 200 are Free-Spenders and 1300 are Budget-Minded.Compare various pricing policies and determine which one yieldsthe highest revenues.