Answer Questions Based on the Following Situation:
Black

question 49

Multiple Choice

Answer Questions based on the following situation:
Black Diamond Tennis & Golf Club offers golf and tennis memberships to the residents of Black Diamond, Ohio, in which there are two types of families: golf-oriented families and tennis-oriented families. There are 100 golf-oriented families and 100 tennis-oriented families in Black Diamond. Forecasted demand prices for golf and tennis memberships by family type are given below. There is no way to identify family types for pricing purposes, and all costs are fixed so that maximizing total revenue is equivalent to maximizing profit.
Demand Prices for Golf and Tennis Memberships
$$\begin{array} { | l | l | l | } \hline \text { Typeaf family } & \begin{array} { l } \text { Tennis } \\\text { membership anly }\end{array} & \begin{array} { l } \text { Galf membership } \\\text { anly }\end{array} \\\hline \text { Tennis-ariented } & \$ 150 & \$ 50 \\\hline \text { Galf-ariented } & \$ 75 & \$ 200 \\\hline\end{array}$$
-What is the optimal price to charge for a bundled tennis and golf and tennis membership?

• A) $150
• B) $200
• C) $225
• D) $250
• E) $275

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Definitions:

Declining A Job Offer

The action of refusing a job proposal politely and professionally, often after considering various aspects of the offer.

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The art of using messages designed to influence the attitudes, beliefs, or actions of others in a desired direction.

Open-Ended Interview

An interview method where questions are designed to elicit detailed and exploratory responses, rather than yes or no answers.

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A style of writing or speaking that is informal, friendly, and similar to everyday spoken language.