Suppose consumers have identical demands for rounds of golf. Specifically, each individual has a demand curve given by: P = 40 - 2Q, where Q is rounds played per month, and P is the price per round. If the marginal cost of each round to the golf course owner is constant and equal to $20, the two part tariff that maximizes profits is given by:

Select one:

a.

A usage fee of $10 per round played plus a monthly membership fee of $50

b.

A usage fee of $10 per round played plus a monthly membership fee of $100

c.

A usage fee of $20 per round played plus a monthly membership fee of $200

d.

A usage fee of $20 per round played plus a monthly membership fee of $100