Q)Suppose the inverse demand curve for rides in an amusement parkis P= 136.3-4.7Q, and the marginal cost for offering a ride is 0. Suppose the customers pay an entrance fee and can take as many rides as they want without paying extra money for each ride. What is the optimal entrance fee Select one: a. 9288.85 b. 1976.35 C. 3952.70 d. 4644.42 (Please answer only if you know the answer. Please answer this question correctly in 30 mins. I'll upvote. Please answer correctly.)
Q)Suppose the inverse demand curve for rides in an amusement parkis P= 136.3-4.7Q, and the marginal cost for offering a ride is 0. Suppose the customers pay an entrance fee and can take as many rides as they want without paying extra money for each ride. What is the optimal entrance fee Select one: a. 9288.85 b. 1976.35 C. 3952.70 d. 4644.42 (Please answer only if you know the answer. Please answer this question correctly in 30 mins. I'll upvote. Please answer correctly.)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Q)Suppose the inverse demand curve for rides in an amusement parkis P= 136.3-4.7Q, and the marginal cost for offering a ride is 0. Suppose the customers pay an entrance fee and can take as many rides as they want without paying extra money for each ride. What is the optimal entrance fee
Select one:
a. 9288.85
b. 1976.35
C. 3952.70
d. 4644.42
(Please answer only if you know the answer. Please answer this question correctly in 30 mins. I'll upvote. Please answer correctly.)
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