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The City of Pleasantville, WV is considering the construction of a new public park that will include picnic areas, hiking trails, animal habitats, etc. Engineers
The City of Pleasantville, WV is considering the construction of a new public park that will include picnic areas, hiking trails, animal habitats, etc. Engineers estimate that the cost of the new park will be $8,500,000. In order to cover the cost of maintenance and the wages of park rangers, the variable cost is estimated to be $7 per admission. a.) (2.5 points) If the city sets the admission price at $12, how many entrance fees must it sell over the park's lifetime before it breaks even? Use the equation: Q=FC/(P-VC)
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