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4. Santa Anita Santa Anita, a local race track, faces a customer base typified by the typical racegoer whose preferences for attending the track are

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4. Santa Anita Santa Anita, a local race track, faces a customer base typified by the typical racegoer whose preferences for attending the track are as follows. The marginal cost to the track is $1.00 per admission. (Assume a discrete rather than a continuous function.) visits/season total personal. value $26 50 72 92 110 126 140 152 162 170 176 12 180 11 13 182 14 182 Note: In your answers, number of visits must be expressed in whole numbers and prices must be expressed in dollars - no cents!.Note: In your answers, number of visits must be expressed in whole numbers and prices must be expressed in dollars - no cents!. is the best admission price for the track if it were to charge a single price per each visit (simple pricing). times would be the number that the typical consumer would go at that price. would be consumer surplus at that price. If, instead, the track were to charge a seasonal membership fee plus an additional charge for each admission, the profit maximizing admission charge per visit would be and the profit maximizing membership fee would be S (Assume no problems with transferring the membership pass.) At the two-part pricing structure you have suggested above, is the additional profit to the track in comparison with simple pricing. would be the level of consumer surplus for the two-part pricing structure you have suggested above

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