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The demand curve for tickets at an amusement park is:

The demand curve for tickets at an amusement park is:


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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Q*=1700-41x16=1044 Thus,... View the full answer

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