Question a construction company is building an airport that, Ask an Expert

Economics

Question: A construction company is building an airport that would cost $500 million to build and cost nothing to maintain. The airport sets the price to maximize profit. A Table of the price and number of flights is given.

Does the table provide the demand curve? Is the marginal revenue and the demand curve the same curve?and because it costs nothing to maintain this airport is marginal cost zero?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M93113528

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