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pleas answer all questions carefully.Q1) The demand for seats per game, at a local stadium that seats a maximum of 50,000 per game, is P = 22 0.2Q where P is the price of a ticket and Q represents the number of seats (expressed in thousands). Assume that all seats and all games are the same, and Marginal Cost = $10 = Average Cost.PART-I. If the owner of the local stadium chooses a uniform per-ticket price, calculate the maximum profit per game?PART-II. If the per-ticket price must match the marginal cost, calculate the consumer surplus per game?Q2) your response (between 20 50 words) to the following question.Based on your reading of the article “Preserving Talent” (https://www.mydigitalpublication.com/publication/?m=17069&i=708291&p=74&ver=), what can UWM do to curb Wisconsins Brain Drain?

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Question. [30 points] The demand for seats per game, at a local stadium that seats a maximum of

50,000 per game, is P = 22 0.2Q where P is the price of a ticket and Q represents the number of

seats (expressed in thousands). Assume that all seats and all games are the same, and Marginal

=

Cost = $10 = Average Cost.

=

PART-I. If the owner of the local stadium chooses a uniform per-ticket price, calculate the

maximum profit per game?

PART-II. If the per-ticket price must match the marginal cost, calculate the consumer surplus per

game?

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Explanation & Answer:

2 Questions

Tags:

Economy

demand

price

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