A new health club is trying to figure out a good pricing strategy. The manager wants to develop a two-part pricing for each aerobic class member signing up. The demand for the health club is P = 45 – 0.025Q and the health club's cost function is TC =30Q. What is the optimal membership free _and the per unit cost per aerobic class and what is the maximum usage?.lustrate clearly!
A new health club is trying to figure out a good pricing strategy. The manager wants to develop a two-part pricing for each aerobic class member signing up. The demand for the health club is P = 45 – 0.025Q and the health club's cost function is TC =30Q. What is the optimal membership free _and the per unit cost per aerobic class and what is the maximum usage?.lustrate clearly!
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:A new health club is trying to figure out a good pricing strategy. The manager wants to develop a two-part pricing
for each aerobic class member signing up. The demand for the health club is P = 45 – 0.025Q and the health club's
cost function is TC=30Q. What is the optimal membership free
and what is the maximum usage?
_and the per unit cost per aerobic class
Illustrate clearly!
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