Suppose executives at an art museum know that 100 adults are willing to pay $12 for admission to the museum on a given weekday. Suppose the executives also know that 200 students are willing to pay $8 for admission on the same weekday. The cost of operating the museum on that weekday is $2,200. How much profit will the museum earn in the weekday under attention if it engages in price discrimination

A structure or area designated for the exhibition of art, typically from the museum's own collection, is known as an art museum or gallery.
It may be owned by the government or a private individual, and access may be open to everyone or subject to limitations.

An executive manages operational activities for their company or organization and is typically in charge of developing policies and strategies to achieve organizational objectives.
Executives frequently travel to conferences, meetings, and local, regional, national, and worldwide offices.

Adults willing to pay = 100 and their fees = $12.

Students are willing to pay = 200 and their fees = $8.

Operating cost of museum = $2,200.

To find the profit, do the following:

[tex](100 * 12) + (200 * 8) = 1200 + 1600 = 2800\\2800 - 2200 = 600[/tex]

Therefore, the museum will earn $600 on a weekday.

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