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(Solved): Can someone please help me answer these questions asap? thank you in advance Jackle owns a Jazz clu ...



Can someone please help me answer these questions asap? thank you in advance

Jackle owns a Jazz club in Manhattan and charges an entrance fee for her club. There are two types of customers coming for li
Jackle owns a Jazz club in Manhattan and charges an entrance fee for her club. There are two types of customers coming for live music to Jacke's club: 1) Those who live in the Upper East Manhattan, and 2/ Those who live in the Upper West Manhattan, and Jackie cannot decide who llives where. Jacke does nok cwn a llaueur license, hence cannot sell any alcoholic beverages. So, Jackie allows her customers to being their own wine. The unli cost (le marginal cost) of a glass of wine is 510 for anyone in the city There are roughly 30 customers from east and 60 customers from west who come to the club every day. Jackie does not have any fored cort as the Jazz band membecs are all her friends and they play in the elub for free. The daily inverse demand for wine for a customer who resides in the Upper East Manhattan is = 226 - . 2 . where number of elasses of wine that one East side customer wants to bring to the club in a day at a price of per glass of wine. The daljyinverse demand for wine for a customee who resides in the Upger West side is - Qow, where w is the number of glasses of wine that one West side customer wants to bring in a dayat a price of Pe per glass of wine. Jackle cannot sell alcoholic drinks but she will charge an entrance fee to her customers so that they can enjoy the chub. Given the data. whot is the optimal entrance fee that Jackie should charge and what is her dally proft? Which custocners will come to Jackie's club? The optimal entrance fee that Jackle should charge is come to Jackie's club.


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SOLUTION: To determine the optimal entrance fee that Jackie should charge and the daily profit, we need to calculate the total revenue and total cost
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