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 practices two-part pricing and charges the profit-maximizing membership fee and entrance fee, what is the profit per consumer?
A) $50 B) $500 C) $200 D) $400
D) $400
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A) refrigerators B) steel rods C) trucks D) fresh fruit
Which of the following is true of resources?
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A. U.S. goods sold to Americans. B. U.S. goods sold to foreigners. C. Foreign and U.S. goods sold to foreigners, but consumed in the U.S. D. Foreign goods bought by Americans.