Suppose seven individuals enjoy going to the comedy club The

Suppose seven individuals enjoy going to the comedy club. Their demand is as follows Person Willingness to pay Allison Beatrice Cally David Ezekiel Francesca Gertrude 40 36 32 28 24 20 16 If the comedy club had a monopoly and a marginal cost of $7 per entrant, the comedy club would sel tickets if it could charge only one price. SUBMIT ANSW

Solution

Solution: 1 ticket

Working: Because marginal costs of $7 exceeds the profit from each person of $6 thus will sell only 1 ticket