There is only one country club in Chicago, the GoGo Country Club. Suppose that it has 400 members, each with an identical demand for playing golf given by P= 100-Q, where P is the price per round and Q is the number of rounds per year. The club's marginal cost and average total cost per round are $10, and there are no fixed costs. The club has hired you as a consultant to try and maximize their profit. Provide them with a recommendation on 

1.         What price(s) to set.

2.         How many rounds of golf to sell.

3.         What the resulting profit will be.

Answer rating: 100% (QA)

GoGo Country Club Profit Maximization 1 Optimal Price To maximize profitwe need to find the price ... View the full answer