Multiple Choice
Answer Questions based on the following situation:
Black Diamond Tennis & Golf Club offers golf and tennis memberships to the residents of Black Diamond, Ohio, in which there are two types of families: golf-oriented families and tennis-oriented families. There are 100 golf-oriented families and 100 tennis-oriented families in Black Diamond. Forecasted demand prices for golf and tennis memberships by family type are given below. There is no way to identify family types for pricing purposes, and all costs are fixed so that maximizing total revenue is equivalent to maximizing profit.
Demand Prices for Golf and Tennis Memberships
-How much total revenue can be generated each month under the pricing plan in the previous question?
A) $20,000
B) $25,000
C) $35,000
D) $70,000
E) $95,000
Correct Answer:

Verified
Correct Answer:
Verified
Q4: Relate to the following:<br>A firm is
Q6: In Questions a firm sells its
Q7: A firm faces the demand for its
Q8: Refer to the following:<br>A firm sells
Q10: A firm faces the demand for its
Q11: If a firm is selling a product
Q12: Using the following information:<br>Drill Quest, Inc.
Q13: Refer to the following figure:<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2558/.jpg"
Q21: A drugstore offers a discount on prescriptions
Q39: In order to maximize profit,a firm producing