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You live in a town with 300 adults and 200 children, and you are thinking about putting on a play to entertain your neighbors and
You live in a town with 300 adults and 200 children, and you are thinking about putting on a play to entertain your neighbors and make some money. A play has a fixed cost of $1,000, but selling an extra ticket has zero marginal cost. Here are the demand schedules for your two types of customers:
\fGroup of People Better Off Worse Off Unchanged Adults O C Children O O O You, the Producer O O OStep by Step Solution
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