If Big Top is regulated to produce the efficient output, what is the quantity of tickets sold,

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If Big Top is regulated to produce the efficient output, what is the quantity of tickets sold, what is the price of a ticket, and what would be the consumer surplus?

Big Top is the only circus in the nation. The table sets out the demand schedule for circus tickets and the cost schedule for producing the circus.

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Foundations Of Economics

ISBN: 9780135897478

9th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Jan 04, 2023 03:45 AM

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If Big Top is regulated to produce the efficient output, what is the quantity of tickets sold,

Question:

Price (dollars per ticket) 20 18 16 14 12 1986 10 4 Quantity (tickets per show) 0 100 200 300 400 500 600 700 800 Total cost (dollars per show) 1,000 1,600 2,200 2,800 3,400 4,000 4,600 5,200 5,800

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Big Tops marginal cost is constant at 6 per ticket To o...View the full answer

Foundations Of Economics

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