What are total benefits associated with the golf course

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A small city in Indiana has two residents, who are lucky enough to have a municipal golf course in their city. The marginal benefit of playing a round of golf for the first resident is given by MB1=70-5Q1, and the marginal benefit of playing golf for the second resident is given by MB2=110-20Q2. The manager at the golf course has set the price of a round of golf at $30. a. How many rounds will the first resident golf? b. What are the first resident’s total benefits? c. How many rounds will the second resident golf? d. What are the second resident’s total benefits? e. What are the total benefits associated with the golf course?

Reference no: EM131094613

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