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An amusement park, whose customer set is made up of two markets, adults and children, has developed demand schedules as follows: The marginal operating cost
An amusement park, whose customer set is made up of two markets, adults and children, has developed demand schedules as follows:
The marginal operating cost of each unit of quantity is $5. Because marginal cost is a constant, so is average variable cost.Ignore fixed costs. The owners of the amusement part want to maximize profits.
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