Quantity (tickets per Price Total cost (dollars per (dollars per show) ticket) show) 20 1,000 18 100 1,600 16 200 2,200 14 300 2,800 12 400 3,400 10 500 4,000 8. 600 4,600 6. 700 5,200 800 5,800 e. At the market equilibrium, no children under 10 years old attend the circus. Big Top offers children under 10 a discount of 50 percent. How will this discount change с.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Price
Total cost
(dollars per
ticket)
Quantity
(tickets per
show)
(dollars per
show)
20
1,000
18
100
1,600
16
200
2,200
14
300
2,800
12
400
3,400
10
500
4,000
8
600
4,600
6.
700
5,200
4
800
5,800
e. At the market equilibrium, no children
under 10 years old attend the circus. Big
Top offers children under 10 a discount of
50 percent. How will this discount change
the consumer surplus
surplus? Will Big Top be more efficient
by offering the discount to children?
с.
and producer
Transcribed Image Text:Price Total cost (dollars per ticket) Quantity (tickets per show) (dollars per show) 20 1,000 18 100 1,600 16 200 2,200 14 300 2,800 12 400 3,400 10 500 4,000 8 600 4,600 6. 700 5,200 4 800 5,800 e. At the market equilibrium, no children under 10 years old attend the circus. Big Top offers children under 10 a discount of 50 percent. How will this discount change the consumer surplus surplus? Will Big Top be more efficient by offering the discount to children? с. and producer
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