What is the profit-maximizing number of entries per consumer


Problem

Big Waves is a large water park. Suppose the individual demand for entrance into Big Waves is Qd = 50 - (2 × P) and each consumer has the same demand. Big Waves has a constant marginal cost of $5 per consumer. If Big Waves charges a single entry price to each consumer, what is the profit-maximizing number of entries per consumer?

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Microeconomics: What is the profit-maximizing number of entries per consumer
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