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

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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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