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The demand curve for tickets at an amusement park is: Q=D(p)=1900-45p Q=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.
Hint: The first derivative of the total revenue function, which is cumulative, is the marginal revenue function, which is incremental. The formula summary explains how to compute the derivative.
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Contracting may not be preferable to vertical integration because of which of the following conditions: Complete contracting eliminates flexibility.
I think the blaming China is just another move by the administration to take the country in the wrong direction, possibly with tariffs or restrictions on imports for countries such as China.
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