Question: Assume quanties need not be integers. You are a prot-maximizing monopolist who operates a swimming pool and whose marginal cost equals $8. Each customer has

Assume quanties need not be integers. You are a prot-maximizing monopolist

Assume quanties need not be integers. You are a prot-maximizing monopolist who operates a swimming pool and whose marginal cost equals $8. Each customer has demand MWTP(Q) = 15 0.5 x Q. You have chosen the prot-maximizing two-part tariff. What is the highest membership fee consumers would be willing to pay to join the swimming club? Round to two decimal places. If your answer is 1.125, enter 1.13

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