10. Demand for the Springfield Rockets is as follows: High Demand Equation: P = 100 -Q./1000 High Demand: MR = 100- Q/500 Low Demand Equation:
10. Demand for the Springfield Rockets is as follows: High Demand Equation: P = 100 -Q./1000 High Demand: MR = 100- Q/500 Low Demand Equation: P =80-Q/1000 Low Demand MR = 80 - Q/500 Marginal Costs = $10 Stadium Capacity = 40,000 a. What is price and quantity for a high demand game? b. What is price and quantity for a low demand game
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