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As the owner of the only tennis club in an isolated wealthy community you must decide on membership dues and fees for court

As the owner of the only tennis club in an isolated wealthy community, you must decide on membership dues and fees for court*Note: please show all parts as I didn't get the first ones correct! Thanks*

As the owner of the only tennis club in an isolated wealthy community, you must decide on membership dues and fees for court time. There are two types of tennis players. "Serious players have demand Q, 12-P where Q, is court hours per week and P is the fee ps hour reach individual player. There are also "occasional players with demand Q 4-0.25P S Yeu baue red coats of 515 000e uand asional. sars lock like ouust chre them the same rices ers. How should vou set the annual membership dues and court fees (assume 52 weeks per vear) to maximize profits, keeping in mind the constraint that only serious nlavers chonse to inin? Wat would profits he fner wk?(mund yor answers to tn decimal nlecesi The annual membership fee is S 3,744 The court fee is $o Weekly profit is S 57.000 b. A friend tells you that you could make greater profits by encouraging both types of players to join. Is your friend right? What annual dues and court fees would maximize weekly profits? What would these profits be? (round your answers to two decimal places) 936.00 The annual membership fee is The court fee is $ 4 Weekly profit is $ 65,000 professionals Mbetuuld be the proft-mavimiring aprusl duas and court feee? serious players an plaver player? Whatwuld reofits be ner week? (mund vour answers to two deaimal places) The annual membership fee is S The court fee is S Weekly profit is S

Feb 08 2020 View more View Less

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