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What are the profit maximizing number

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Reference no: EM132282114

Quantity = 120, 000 - 2000P

Marginal Revenue = 60 - .001Q

Stadium holds 60,000 participants

Marginal cost of each additional participants is zero up to 60,000 fans, but becomes infinite beyond that point.

A) What are the profit maximizing number of each tickets sold and the price of tickets?

B) With a tax of $10 per ticket, given the above iformation, the profit maximizing ticket price would be what?

Reference no: EM132282114

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