The Spacing Guild has a monopoly on space transport. They sell tickets (Q) for seats on starships for interstellar travel at a per-ticket price of P. All tickets cost the same. The Marginal Cost for...


The Spacing Guild has a monopoly on space<br>transport. They sell tickets (Q) for seats on starships<br>for interstellar travel at a per-ticket price of P. All<br>tickets cost the same.<br>The Marginal Cost for each seat is $19 and there is a<br>fixed cost of $5,610. Market demand is Q=462-2P.<br>If the government imposes a price ceiling of $33,<br>what is the Guild's PROFITS in the SHORT-run? Enter<br>a number only, drop the $ sign.<br>

Extracted text: The Spacing Guild has a monopoly on space transport. They sell tickets (Q) for seats on starships for interstellar travel at a per-ticket price of P. All tickets cost the same. The Marginal Cost for each seat is $19 and there is a fixed cost of $5,610. Market demand is Q=462-2P. If the government imposes a price ceiling of $33, what is the Guild's PROFITS in the SHORT-run? Enter a number only, drop the $ sign.

Jun 08, 2022
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