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Satsume Satsume
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6 years ago
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?
Textbook 
Microeconomics

Microeconomics


Edition: 8th
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boransalboransal
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6 years ago
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Satsume Author
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6 years ago
Good timing, thanks!
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Correct Slight Smile TY
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