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Suppose typical consumer's demand for seats at the Dallas Cowboys Stadium is estimated to be P = 150 - 30Q, and Dallas's cost of providing
Suppose typical consumer's demand for seats at the Dallas Cowboys Stadium is estimated to be P = 150 - 30Q, and Dallas's cost of providing Q seats is TC = 30Q and its MC=30.
a) What is the Marginal Revenue (MR)?
b) Compute the optimal price for the Dallas Cowboys to charge for each seat, and the number of seats, Q sold.
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