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3) Profit Maximization The owner of Premier Golf Links, Inc. is considering three alternative prices for 18 holes of golf. His estimate of price and
3) Profit Maximization The owner of Premier Golf Links, Inc. is considering three alternative prices for 18 holes of golf. His estimate of price and quantity demanded for next year is : \begin{tabular}{|l|r|r|} \hline \multicolumn{2}{|c|}{ Price } & Quantity (\# of 18 hole rounds) \\ \hline$ & 65 & 18,000 \\ \hline$ & 75 & 15,000 \\ \hline$ & 90 & 10,500 \\ \hline \end{tabular} Yearly cost for the golf course are calculated to be $30 per round (variable) and $400,000 fixed cost. Which price will yield the largest profit for next year
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