New York University ECON-SHU ECON-SHU COR1-GB.13 You have been hired by pickle.nyc, a new platform that specializes…
You have been hired by pickle.nyc, a new platform that specializes in matching NYC-area pickleball players with other similarly skilled players nearby. Due to the relatively niche nature of the market, it turns out that you have no other competitors in the region.
pickle.nyc has determined that demand for subscriptions to the platform is given by Q = 100 − 4P. Each additional subscription costs the site $5 to provide.
(a) What is pickle.nyc’s marginal revenue from selling its Qth unit?
(b) How many subscriptions should pickle.nyc sell in order to maximize its profits? And what price should it charge?
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