Question
The demand curve for tickets at an amusement park is: Q=D(p)=170041p Q=D(p)=1700-41p, p > 0 The marginal cost of serving a customer is $16 ,
The demand curve for tickets at an amusement park is:
Q=D(p)=170041p
Q=D(p)=1700-41p, p > 0
The marginal cost of serving a customer is $16,
how many tickets will be sold at the profit-maximizing price?
Round the equilibrium quantity DOWN to its integer part and round the equilibrium price to the nearest cent.
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77835425, 978-0077835422
