subject
Business, 05.05.2021 20:20 rose200215

Knoebels Amusement Park in Elysburg, Pennsylvania, charges a lump-sum fee, L, to enter its Crystal Pool. It also charges p per trip down a slide on the pool's water slides. Suppose that 400 teenagers visit the park, each of whom has a demand function of q_1 = 6 - p, and that 350 seniors also visit, each of whom has a demand function of q_2 = 3 - p. Knoebels's objective is to set L and p so as to maximize its profit given that it has no (non-sunk) cost and must charge both groups the same prices. What are the optimal L and p? The optimal L and p are
L = $ and p = $ .(Enter numeric responses using real numbers rounded to three decimal places.)

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 18:10
Why would an investor invest in your stocks
Answers: 1
question
Business, 22.06.2019 18:30
> > objectives define federalism and explain why the framers adopted a federal system instead of a unitary system. categorize powers delegated to and denied to the national government, and powers reserved for and denied to the states, and the difference between exclusive and concurrent powers.
Answers: 1
question
Business, 22.06.2019 19:40
Your father's employer was just acquired, and he was given a severance payment of $375,000, which he invested at a 7.5% annual rate. he now plans to retire, and he wants to withdraw $35,000 at the end of each year, starting at the end of this year. how many years will it take to exhaust his funds, i.e., run the account down to zero? a. 22.50 b. 23.63 c. 24.81 d. 26.05 e. 27.35
Answers: 2
question
Business, 23.06.2019 00:40
An upper-middle-class manager tends to have hostile relationship with the working-class employees in the firm because of his tendency to perceive himself as superior to them based on his class background. in this example, the manager exhibits: question 14 options: 1) class consciousness. 2) cultural awareness. 3) social mobility. 4) group orientation.
Answers: 3
You know the right answer?
Knoebels Amusement Park in Elysburg, Pennsylvania, charges a lump-sum fee, L, to enter its Crystal P...
Questions
question
English, 28.11.2019 01:31
question
Chemistry, 28.11.2019 01:31
question
Mathematics, 28.11.2019 01:31
question
Mathematics, 28.11.2019 01:31