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Demand curve for tickets at an amusement park

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Reference no: EM132081208

The demand curve for tickets at an amusement park is:

Q=D(p)=1700-41p

Q=D(p)=1700-41p, p > 0

The marginal cost of serving a customer is $16,

How many tickets will be sold at the profit-maximizing price?

Round the equilibrium quantity DOWN to its integer part and round the equilibrium price to the nearest cent.

Reference no: EM132081208

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