P = 50 - 1/500Q Is the Demand Curve for Tickets.MC

question 20

Essay

P = 50 - 1/500Q is the demand curve for tickets.MC = $10 per ticket.What is the optimal price? Calculate the consumer surplus at this price.

---

Definitions:

Amphetamine Psychosis

A psychiatric disorder characterized by hallucinations, delusions, and other psychotic features, induced by misuse or high doses of amphetamine drugs.

Paranoid Schizophrenia

A subtype of schizophrenia characterized by prominent delusions of persecution or grandeur, often accompanied by auditory hallucinations.

Behavior Changes

Modifications or transformations in human actions or reactions as a result of various stimuli or interventions.

Aggressive

Characterized by or resulting from a tendency to attack or confront, often manifesting through behavior or attitude.