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Q. The promoters of a major basketball tournament try to segment their tickets into two groups: I. Adults Tickets, with a Demand: Q A =
Q. The promoters of a major basketball tournament try to segment their tickets into two groups:
I. Adults Tickets, with a Demand: QA = 5000-10P
II. Student Tickets, with Demand: QS = 10000-100P
The promoter's Marginal Cost per ticket is same for all output levels as $10
Please answer the following:
I. For Price Segment: Adults Tickets: a. Write the Inverse Demand Curve and Marginal Revenue Curve Functions:
Inverse Demand Curve Function :
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