1. Assume that at the price of $5 per pie, customers at the local fair buy 1,000 pies on Friday, and 1,500 pies on Saturday. Assume that there are 4 pie bakeries selling pies at the fair on Friday night and 6 bakeries selling pies on Saturday night. What is the total expenditure on pies by fair-goers on Friday, on Saturday, and combined across both days? (Calculate, explain, and show your calculations.)
2. Then assume that bakers A, B, and C supply bakers on both days, baker D supplies pies on Friday only, and bakers E, F, and G supply pies only on Saturday. Assume on each day that the bakers supplying pies on that day each sell equal numbers of pies. If all pies were sold at the same $5 price, what is the total revenue received summed across both days for each baker?
