34e. $152.00 50b. 19¢ 35. $10 per ticket; 70,000 people 50c. Prices > 19¢ 50d. Prices < 19¢ 36. 23 trees per acre 50e. Since , a small increase in price will cause the total revenue to decrease. 37a. 37b. 51. 37c. 37d. 52. 38a. $1234.38 53. 38b. $24.52 38c. $24.38 54. 38d. $48.75 38e. $1283.13 55. 39. 56. or $468 at 57. 2700.695 40. at 58. or 41a. $24 per day 59. or 41b. $8 per day 41c. $16 per day 60. or 42. square miles per year 61. 961.80 43. 62a. 75.73 meters 62b. 210.13 meters 44. 63. 30 45. 64. 3 46. ; ; 65. or 47. 66. 48. 67. $630,162.08 49a. 68. 49b. ; since 114/193 < 1, the demand is inelastic 69. 49c. $153.50 70. 50a. 71a. (6, 6)
34e. $152.00 35. $10 per ticket; 70,000 people 36. 23 trees per acre 37a. 37b. 37c. 37d. 38a. $1234.38 38b. $24.52 38c. $24.38 38d. $48.75 38e. $1283.13 39. at 40. at 41a. $24 per day 41b. $8 per day 41c. $16 per day 42. square miles per year 43. 44. 45. 46. ; ; 47. 48. 49a. 49b. ; since 114/193 < 1, the demand is inelastic 49c. $153.50 50a. 50b. 19¢ 50c. Prices > 19¢ 50d. Prices < 19¢ 50e. Since , a small increase in price will cause the total revenue to decrease. 51. 52. 53. 54. 55. 56. or $468 57. 2700.695 58. or 59. or 60. or 61. 961.80 62a. 75.73 meters 62b. 210.13 meters 63. 30 64. 3 65. or 66. 67. $630,162.08 68. 69. 70. 71a. (6, 6)
Departmental%20Review%20Answers%20SOC%20F13.docx