[All Steps] s 11 through 13 refer to the scenario that follows. An amusement park, whose customer set is made up of two markets, adult and children, has
Question: Questions 11 through 13 refer to the scenario that follows. An amusement park, whose customer set is made up of two markets, adult and children, has developed demand schedules as follows:
| Price ($) | Quantity, Adults | Quantity, Children |
| 5 | 15 | 20 |
| 6 | 14 | 18 |
| 7 | 13 | 16 |
| 8 | 12 | 14 |
| 9 | 11 | 12 |
| 10 | 10 | 10 |
| 11 | 9 | 8 |
| 12 | 8 | 6 |
| 13 | 7 | 4 |
| 14 | 6 | 2 |
The marginal operating cost of each unit of quantity is $5. (Hint: Because marginal cost is a constant, so is average variable cost. Ignore fixed cost.) The owners of the amusement park want to maximize profit
Calculate the price, quantity, and profit if the amusement park charges the same price in the two markets combined. (Hint: Add adult and child quantities together, and treat this total and the entire market quantity at each price.)
Market price (in dollars): [a]
Quantity (child + adult at this price): [b]
Profit: [c]
Deliverable: Word Document 
Solution: s 11 through 13 refer to the scenario that follows.
![[See Steps] s 14 through 18 refer](/images/solutions/MC-solution-library-75154.jpg "[See Steps] s 14 through 18 refer to the information that follows.")
[See Steps] s 14 through 18 refer to the information that follows.
![[All Steps] s 14 through 18 refer](/images/solutions/MC-solution-library-75155.jpg "[All Steps] s 14 through 18 refer to the information that follows.")
[All Steps] s 14 through 18 refer to the information that follows.
![[Solution Library] s 14 through 18 refer](/images/solutions/MC-solution-library-75156.jpg "[Solution Library] s 14 through 18 refer to the information that")
[Solution Library] s 14 through 18 refer to the information that
(Steps Shown) s 14 through 18 refer to the information that follows. Consider
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