Supply and Demand Q2 The demand curve for tickets at an amusement park is: Q=D(p)=1900−45pQ=D(p)=1900-45p, p > 0   All customers pay the same ticket price. The marginal cost of serving a customer is $14. Using calculus and formulas (don't just build a table in a spreadsheet as in the Marginal Analysis I lesson) 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.

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Supply and Demand Q2

The demand curve for tickets at an amusement park is:

Q=D(p)=1900−45pQ=D(p)=1900-45p, p > 0

 

All customers pay the same ticket price. The marginal cost of serving a customer is $14.

Using calculus and formulas (don't just build a table in a spreadsheet as in the Marginal Analysis I lesson) 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.

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