Question

Yu

求詳解🙏🙏🙏

(1 point) Consider the demand for tickets to see a specific hockey team play. The price of the ticket can be related to the
quantity demanded (q) by the function:
p=114 0.01q. When the arena is not close to full capacity the total cost can be expressed by the function:
Cost = 63q + 50,000.
Find marginal revenue (MR) as a function of quantity demanded.
MR =
Let
p* and
q* be the price and quantity demanded where profit is maximized.
*
q*
=
||
The hockey players union has negotiated a deal requiring the team owner to pay an extra $10,000 a year in salaries to the
players. What should the new ticket price (
P₁) be to ensure that profit is maximized.
P1 =