The Following Figure Represents Two Types of Demand Curves, of Two

question 1

Multiple Choice

The following figure represents two types of demand curves, of two sets of consumers visiting an amusement park.$3 is the marginal cost of providing the service.


-Refer to Figure .What is the maximum cover charge that the amusement park can levy on consumers whose demand curve is D₁?

• A)$36
• B)$31.5
• C)$18
• D)$27

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Definitions:

Illegal

Refers to actions or activities that violate statutory law, regulations, or common law.

Voidable

A term used to describe a contract or transaction that, while valid, may be annulled by one of the parties to the contract.

Enforce It

The act of ensuring compliance with laws, regulations, agreements, or measures.

Withdraw

The act of removing oneself from participation in an agreement, activity, or financial arrangement, or the act of taking back an offer or statement.