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.

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.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter14: Monopolistic Competition And Product Differentiation

Section: Chapter Questions

Problem 9P

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Question

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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