Below are the projected numbers for the coming tourist season. Above the Clouds is the only hot air balloon ride company at the Sea and Mountain tourist area of Lake Ontario. You are to assist the company in deciding the best quantity and price and resulting in maximum profits so they can plan staff and wages as well as other costs related to their hot-air balloon business. Quantities are in thousands; however, zeros have been dropped to simplify numbers so that management can understand them. Marginal costs are $15 and fixed costs are also $15.

Q (000) P TR *MR MC *TC #A TP *E. Profit 60 1 54 2 48 3 42 4 36 5 30 6 24 7 1870 60 50 40 30 20 10 1 2 3 4 5 6 7 8