Question

Questions 4-6 Coaster Park Thrills (CPT) is a small roller coaster theme park that sells admission tickets to customers who can then ride all roller coasters for free. Let Q be the number of admission tickets sold each day. Here are the equations for CPT's total cost and marginal cost: TC = 1,000+ 0.010 MC = 0.020 Daily demand for admission tickets can be written as P - 36 -0.05Q so that MR = 36 -0.10, where P is the price of a ticket and MR is the marginal revenue. 4. How many admission tickets will CPT sell each day to maximize profits? Please enter a whole number, with no decimal point. 5. At what price will CPT sell admission tickets to maximize its profit? Please enter a whole number, with no decimal point. 6. How much profit does CPT earn each day? Please enter a whole number, with no decimal point.

Answer 1

ANSWER 1000+ 0.0102 TCF MC = 0.02 Q. Demand MR P-36-00050 36-0.10. (4) profit Marginal maximizing concletion Revenue (MC=MOR) where Marginal cost equal Oʻ0202 36-010 0-120 - 36 Q: 36 X log 12 - 300 units order to maximize prafet CPT Seu cache in day. 300 ticket. CAT profit 15 porce will shrinize that P. 360 0.050 36 5x 300 too - 36-15 P- $21. profit is $ 2. porce that maximize CPT

6 profit Revenere. Cost Revenue Pricex Quantity price or $21 Quantity - 300 Revencie 300x21 Revence – $6300 Cost 1000 t 0.0102 1000 40.01 (300) 2 1000 tool (90,000 1000 + 1900) Cost = $1900 profit - Revenue - Cost - 6360- 1950 profit & $4400 so profot- $4400