ECON 301 FINAL: Wednesday 5th May 2004
Part A: The local zoo has hired you to assist them in setting admission prices. The zoo’s managers recognize that there are two distinct demand curves for zoo admission. One demand curve applies to those ages 12 to 64, while the other is for children and senior citizens. The two demand and marginal revenue curves are: PA = 9.6 – 0.08QA ................
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