Europark Entertainment is trying to decide what price to charge customers to enter its new amusement park. The cost of operating the park is fixed at €300,000 per day. All rides are free with the price of admission. The expected daily attendance depends on the daily admission fee. Management makes the following estimates:

a. What is the marginal cost of another individual attending the amusement park?

b. What price should Europark Entertainment charge for admission to maximize profit?

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Individual Admission Fee 10 20 30 40 50 Expected Attendance 20,000 15,000 12,000 10,000 7,000