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Paradise Cruises has a monopoly in renting luxury yachts for sailing in the Caribbean Sea. In summer its monthly inverse demand is pS=500-2QS. In winter the inverse demand is pW=500-QW. Paradise has a total of 200 yachts available for rental on a monthly basis. Which season is peak? season? ? Why? What are the?profit-maximizing prices in both? seasons? Assume marginal cost is zero. Peak season is winter because demand is higher The? profit-maximizing peak-load price for the summer is pS =___________ and the optimal? peak-load price for the winter is pW=___________ ?(Enter your response rounded to two decimal? places.)
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