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For… Show more The demand for Bruce Springsteen at the Mea

Paper help Economics For… Show more The demand for Bruce Springsteen at the Mea

Economics

For… Show more The demand for Bruce Springsteen at the Mea

For… Show more The demand for Bruce Springsteen at the Meadowlands stadium is given by … Q= 120,000 – 2000 P For this concert the stadium holds 60,000 people. The marginal cost of each additional concert goer is essentially zero up to 60,000 fans, but becomes infinite beyond that point. 1) Determine marginal revenue and marginal cost functions 2) What is the profit maximizing number of tockets and price per ticket? Please show work!! 3) Suppose the local government imposes a tax $10 per ticket on the concert promoters. Assuming nothing else changes, determine the profit maximizing ticket price. Please show work!! • Show less

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