Suppose That 1,000 People Are Interested In Attending Elvis Land. Once A Person Arrives At Elvis Land, His Or Her Inverse Demand For Rides Is Given By P(Y) = 200 - 2y, Where P Is The Price Per Ride. The Cost Function For Rides In Elvis Land Is C(Y) = 2y + 0.5y2. Elvis Land Charges A Profit-Maximizing Two-Part Tariff, With One Price For Admission To Elvis

 

Suppose that 1,000 people are interested in attending Elvis Land. Once a person arrives at Elvis Land, his or her inverse demand for rides is given by p(y) = 200 - 2y, where p is the price per ride. The cost function for rides in Elvis Land is c(y) = 2y + 0.5y. Elvis Land charges a profit-maximizing two-part tariff, with one price for admission to Elvis Land and another price per ride for those who get in. What is the price per ride for those who get in?