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22-04-2024
Business

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You are the manager of a country club and you are going to establish a two-part tariff for golf. The demand function for a typical member is QD = 70 - (1/4)*P. Which of the following comes closest to the number of rounds of golf your typical customer will purchase?
1) Q = 98
2) Q = 84
3) Q = 72
4) Q = 66

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