The demand curve for tickets at an amusement park is:
Q=D(p)=1900−45p
Q=D(p)=1900-45p
, p > 0
The marginal cost of serving a customer is $14.
Using calculus and formulas (but no tables or spreadsheets) to find a solution, what is the profit-maximizing price?
Round the equilibrium quantity DOWN to its integer part and round the equilibrium price to the nearest cent.
Solved by S. Q. in 29 mins