In the video game Warframe, Platinum is a currency players use to buy and sell in-game items.
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Question:
In the video game Warframe, Platinum is a currency players use to buy and sell in-game items. This Platinum can be purchased for real U.S. dollars from the game’s website. Suppose the daily market demand for Platinum is P = 66 – 0.0005Q and the marginal cost of Platinum is 0.0001Q. Where P is in cents. In a competitive market, how much Platinum would gamers purchase each day?
Q = 110,000 | ||
Q = 4,200 | ||
Q = 20,000 | ||
Q = 1,000,000 |
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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