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