Suppose that there is only one zoo in city A. The demand schedule faced by the zoo is P = 2350 − 70Q where P is price per zoo ticket in dollars and Q is the number of zoo tickets per day, and Q can take integer values only. The fixed cost of operating the zoo per day is $480. The marginal cost of serving an additional customer (due to the sales of an additional ticket) is $150.   Given the information, the zoo should charge $[? ] per ticket.   Continue from the previous question. The deadweight loss caused by the zoo monopolist is $[ ?] per day.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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Suppose that there is only one zoo in city A. The demand schedule faced by the zoo is P = 2350 − 70Q where P is price per zoo ticket in dollars and Q is the number of zoo tickets per day, and Q can take integer values only. The fixed cost of operating the zoo per day is $480. The marginal cost of serving an additional customer (due to the sales of an additional ticket) is $150.

 

Given the information, the zoo should charge $[? ] per ticket.

 

Continue from the previous question. The deadweight loss caused by the zoo monopolist is $[ ?] per day.

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