An Amusement Park's Customers Have the Demand Curve for Park

question 83

Multiple Choice

An amusement park's customers have the demand curve for park rides given by Q = 11 - 0.5P, where P is the price per ride and Q is the number of rides. The marginal cost is $4. If the amusement park uses a two-part tariff, the park's entrance fee is _____, and its price per ride is _____.

• A) $81; $4
• B) $100; $11
• C) $40; $4
• D) $22; $2

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Definitions:

Blended Family

A family unit formed by the merging of two previous families into one, typically involving parents who have remarried and their children from previous relationships.

Single-father Household

A family unit where a male caregiver raises children without the presence of a female partner or spouse.

Extended Families

Family units that extend beyond the nuclear family, including grandparents, cousins, aunts, and uncles among others.

Non-Western

Refers to cultures, practices, and societies outside of the Western world, often emphasizing diversity in cultural experiences.