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Question: The demand curve for tickets at an amusement park is: Q = D(p) = 1900 - 45p, p > 0 The marginal cost of serving a customer is $14. Using calculus and formulas (but no tables or spreadsheets) to find a solution, what is the profit-maximizing price? Round the equilibrium quantity DOWN to its integer part and round the equilibrium price to the nearest cent.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M93116252

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