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A town wants to repair its swimming pool. The annual demand from each of its 5,000 citizens in terms of uses is q = 15
A town wants to repair its swimming pool. The annual demand from each of its 5,000 citizens in terms of uses isq= 15 3pwherepis the price in (dollars) charged for using the pool. How much revenue would the government collect with an admission price of $2 admission for using the pool. How much consumer surplus does this pricing strategy generate?
- A.a consumer surplus of $15.5 per customer
- B.a consumer surplus of $65 per customer
- C.a consumer surplus of $13.5 per customer
- D.a consumer surplus of $37 per customer
- E.None of the above
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