Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate the price, quantity, and profit if: The amusement park charges the same price in the two markets combined Please express your answers for Price

image text in transcribed
Calculate the price, quantity, and profit if: The amusement park charges the same price in the two markets combined Please express your answers for Price and Profit in whole dollars (i.e.10.00) Please use whole numbers for Quanitity (i.e. 10, 27, 4) Total Margina Margina Total Revenu e Revenu Price Quantity e Cost Cost MR- MC 14 Profit 8 112 5 40 72 11 143 10.33 5 55 5.33 88 12 168 8.33 5 70 3.33 98 11 17 187 6.33 5 85 1.33 20 200 4.33 5 100 -0.67 100 9 207 2.33 5 115 -2.67 92 8 26 208 0.33 5 130 -4.67 29 203 -1.67 5 145 -6.67 58 6 192 -3.67 5 160 -8.67 5 35 175 -7.67 5 190 12.6 -38 7

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Economics questions

Question

LO7.5 Describe strategies for managing digital message overload.

Answered: 1 week ago

Question

What steps will Sara need to take to conduct a benefit audit?

Answered: 1 week ago