based on the following information: A local for-profit club has hired you to assist them in...

 

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based on the following information: A local for-profit club has hired you to assist them in setting admission prices. The club's managers recognize that there are two distinct demands for admission. One demand curye appliss to people ages 18 to 64, whereas the other is for children and senior citizens. The two demand curves are: PA-9.6- 0.08QA and Pcs = 4 0.05Qcs, where PA is the adult price, Pcs is the child/senior citizen price, QA is the adult quantity, and Qcs is the child/senior citizen quantity. Crowding is not a problem at the club, so marginal cost is assumed to be zero. 13 To maximize profits, the club should charge prices (PA. Pes): (4.8, 2.0). (2.0, 4.8). (0, 0). (9.6, 4.0). a. b. c. d. 14 To maximize profits, the club should admit quantities (QA. Qcs): (40, 60). (60, 40). (120, 80). (80, 120). a. b. c. d. based on the following information: A local for-profit club has hired you to assist them in setting admission prices. The club's managers recognize that there are two distinct demands for admission. One demand curye appliss to people ages 18 to 64, whereas the other is for children and senior citizens. The two demand curves are: PA-9.6- 0.08QA and Pcs = 4 0.05Qcs, where PA is the adult price, Pcs is the child/senior citizen price, QA is the adult quantity, and Qcs is the child/senior citizen quantity. Crowding is not a problem at the club, so marginal cost is assumed to be zero. 13 To maximize profits, the club should charge prices (PA. Pes): (4.8, 2.0). (2.0, 4.8). (0, 0). (9.6, 4.0). a. b. c. d. 14 To maximize profits, the club should admit quantities (QA. Qcs): (40, 60). (60, 40). (120, 80). (80, 120). a. b. c. d.

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Angueet PA 96 008 QA Pcs 40Q5 QCS Pacofit is maximize d uhen MRA MC MRCS MC where MC ... View the full answer