Happyland is one of five amusementparks on Sunshine Island. The graph below show

Question

Happyland is one of five amusementparks on Sunshine Island. The graph below shows Happyland's kinkeddemand curve (D1D2) and the resulting marginal revenue curve(MR1MR2). The graph also shows two possible marginal cost curves(MC1 and MC2). Assume Happyland's marginal cost is represented byMC1.

Happyland is one of five amusementparks on Sunshine Island. The graph below shows Happyland's kinkeddemand curve (D1D2) and the resulting marginal revenue curve(MR1MR2). The graph also shows two possible marginal cost curves(MC1 and MC2). Assume Happyland's marginal cost is represented byMC1.

Explanation / Answer

Match with the Demand curve: (D1) since MC2 would match withMR2 D.   $50 per ticket D.   $50 per ticket D.   $50 per ticket

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