ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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34. An amusement park faces a demand curve of Q = 40 – 0.4P and marginal cost of MC = 1.25Q, where Q is measured in thousands of customers. The amusement park's profit- maximizing output level is would be thousand and the competitive equilibrium output level and the competitive price is The monopolist price is
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Transcribed Image Text:34. An amusement park faces a demand curve of Q = 40 – 0.4P and marginal cost of MC = 1.25Q, where Q is measured in thousands of customers. The amusement park's profit- maximizing output level is would be thousand and the competitive equilibrium output level and the competitive price is The monopolist price is
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