Question

QUESTION 8 0.2 points Use the table below to create a nonlinear model based on the table to answer the following question(s). The Atlas Movies Theater is planning to reprice their ticket rates to maximize revenues. They have three classes of tickets: Classic, Silver, and Gold. The table below provides information on the average ticket sales, revenue and price elasticity on demand. They have a total seating capacity of 300. The table also provides the price range within which they plan to reduce their ticket rates. Atlas Movie Theater Ticketing Ticket Class Current Rate Average Daily Sold Elasticity Price Range Classic Silver Gold 8.45 13.25 17.5 150 80 30 -1.3 -2.25 -1.1 6.5 11.5 15.5 7.5 12.5 16.5 Total Capacity 300 According to the nonlinear model, which of the following is the projected sales figure for Classic tickets at the new price? O 181 178 172 175

Answer 1

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