please TYPE and EXPLAIN your work. Disney World’s demand curve for rides is P=24-2.4Q, MR=24-4.8Q, and MC=0 where P is the price of a ride and Q is the number of rides. a. Find Disney’s profit...

please TYPE and EXPLAIN your work. Disney World’s demand curve for rides is P=24-2.4Q, MR=24-4.8Q, and MC=0 where P is the price of a ride and Q is the number of rides. a. Find Disney’s profit maximizing P and Q. b. Disney charges an entry fee $120 but prices each ride at $0. Carefully explain in quantitative terms why this is a superior approach (Hint: Find consumer surplus in part a and part b).

Jun 08, 2022
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