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Other Fields Homework Help Economics Topic started by: Satsume on Oct 25, 2017



Title: Customers attending basketball games at the local arena must pay for parking on the grounds and then ...
Post by: Satsume on Oct 25, 2017
Customers attending basketball games at the local arena must pay for parking on the grounds and then pay for a ticket needed to enter the arena.  If the arena manager knows that the customers' identical demands can be expressed collectively as
   P = 25 - 0.000625Q       
how much of a parking fee could the management collect if the marginal cost of providing entertainment were a constant MC = $10 per seat?


Title: Re: Customers attending basketball games at the local arena must pay for parking on the grounds and ...
Post by: boransal on Oct 25, 2017
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