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?

Question

Quizplus · Accepted Answer

The Answer of 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?

Customers Attending Basketball Games at the Local Arena Must Pay