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A baseball team is trying to determine what price to charge for tickets. At a price...
A university is trying to determine what price to charge for tickets to football games. At...
A university is trying to determine what price to charge for tickets to football games. At a price of $22 per ticket, attendance averages 40,000 people per game. Every decrease of $2 adds 10,000 people to the average number. Every person at the game spends an average of $3.00 on concessions. What price per ticket should be charged in order to maximize revenue? How many people will attend at that price?
A university is trying to determine what price to charge for tickets to football games. at a price of 30$ per ticket, attendance averages 40,000 people per game. every decrease of 3$ adds 10,000 peopl...
A university is trying to determine what price to charge for tickets to football games. at a price of 30$ per ticket, attendance averages 40,000 people per game. every decrease of 3$ adds 10,000 people to the average number. every person at the game spends an average of 4.50$ on concessions. What price per ticket should be charged in order to maximize revenue? How Many people will Attend at that price?
A university is trying to determine what price to charge for tickets to football games. at a price of 28$ per ticket, attendance averages 40,000 people per game. every decrease of 4$ adds 10,000 peopl...
A university is trying to determine what price to charge for tickets to football games. at a price of 28$ per ticket, attendance averages 40,000 people per game. every decrease of 4$ adds 10,000 people to the average number. every person at the game spends an average of 4.00$ on concessions. What price per ticket should be charged in order to maximize revenue? How Many people will Attend at that price?
Can someone please help me with this? Thanks! 05 Question (5 points) e See page 246 A semiprofessional baseball team ne...
Can someone please help me with this? Thanks!
05 Question (5 points) e See page 246 A semiprofessional baseball team near your town plays two home games each month at the local baseball park. The team splits the concessions 50/50 with the city but keeps all the revenue from ticket sales. The city charges the team $200 each month for the three-month season. The team pays the players and manager a total of $1,500 each month. The team charges $10...
A semiprofessional baseball team near your town plays two home games each month at the local...
A semiprofessional baseball team near your town plays two home games each month at the local baseball park. The team splits the concessions 50/50 with the city but keeps all the revenue from ticket sales. The city charges the team $100 each month for the three-month season. The team pays the players and manager a total of $1000 each month. The team charges $10 for each ticket, and the average customer spends $8 at the concession stand. Attendance averages 30...
A minor league baseball team called the Billings Mustangs attracts both students and non-students as fans...
A minor league baseball team called the Billings Mustangs attracts both students and non-students as fans during the season, which runs from about mid-April through August. The Mustangs organization has estimated that, among students, weekly demand for tickets varies according to the equation Q 1200 200P, where Q is the quantity of tickets sold and P is the price in dollars. Among non-students, weekly demand is given by the equation Q 800-100P. The Mustangs organization earns marginal revenue from students...
Please explain in detail! Need help! A minor league baseball team called the Billings Mustangs attracts...
Please explain in detail! Need help!
A minor league baseball team called the Billings Mustangs attracts both students and non-students as fans during the season, which runs from about mid-April through August. The Mustangs organization has estimated that, among students, weekly demand for tickets varies according to the equation Q 1200 200P, where Q is the quantity of tickets sold and P is the price in dollars. Among non-students, weekly demand is given by the equation Q 800 100P. The...
(1 point) A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $9 the average atten...
(1 point) A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $9 the average attendance has been 24000. When the price dropped to $6, the average attendance rose to 31000. a) Find the demand function p(x), where x is the number of the spectators. (Assume that p(x) is linear.) p(x) -7/2x^2+52x = b) How should ticket prices be set to maximize revenue? The revenue is maximized by charging$ per ticket.
(1 point) A...
When the admission price for a baseball game was $4 per ticket, 54,000 tickets were sold....
When the admission price for a baseball game was $4 per ticket, 54,000 tickets were sold. When the price was raised to $5, only 48,000 tickets were sold. Assume that the demand function is linear and that the variable and fixed costs for the ball park owners are $0.10 and $95,000 respectively. (a) Find the profit P as a function of x, the number of tickets sold. P(x) = (b) Select the graph of P. y 150000 150000 150000 100000...
There is a shortage of college basketball and football tickets for some games, and a surplus...
There is a shortage of college basketball and football tickets for some games, and a surplus occurs for other games The following graph shows the market for the football team home games. Suppose that your favorite football team has a stadium that seats 15,000 people and that for every game during the season, the football team administrators charge $15 for tickets. The demand curve for the tickets for the top-of-the-league games is labeled DTop and the demand curve for the...
Can someone please help me with this? Thanks!
05 Question (5 points) e See page 246 A semiprofessional baseball team near your town plays two home games each month at the local baseball park. The team splits the concessions 50/50 with the city but keeps all the revenue from ticket sales. The city charges the team $200 each month for the three-month season. The team pays the players and manager a total of $1,500 each month. The team charges $10...
A semiprofessional baseball team near your town plays two home games each month at the local baseball park. The team splits the concessions 50/50 with the city but keeps all the revenue from ticket sales. The city charges the team $100 each month for the three-month season. The team pays the players and manager a total of $1000 each month. The team charges $10 for each ticket, and the average customer spends $8 at the concession stand. Attendance averages 30...
A minor league baseball team called the Billings Mustangs attracts both students and non-students as fans during the season, which runs from about mid-April through August. The Mustangs organization has estimated that, among students, weekly demand for tickets varies according to the equation Q 1200 200P, where Q is the quantity of tickets sold and P is the price in dollars. Among non-students, weekly demand is given by the equation Q 800-100P. The Mustangs organization earns marginal revenue from students...
Please explain in detail! Need help!
A minor league baseball team called the Billings Mustangs attracts both students and non-students as fans during the season, which runs from about mid-April through August. The Mustangs organization has estimated that, among students, weekly demand for tickets varies according to the equation Q 1200 200P, where Q is the quantity of tickets sold and P is the price in dollars. Among non-students, weekly demand is given by the equation Q 800 100P. The...
(1 point) A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $9 the average attendance has been 24000. When the price dropped to $6, the average attendance rose to 31000. a) Find the demand function p(x), where x is the number of the spectators. (Assume that p(x) is linear.) p(x) -7/2x^2+52x = b) How should ticket prices be set to maximize revenue? The revenue is maximized by charging$ per ticket.
(1 point) A...
When the admission price for a baseball game was $4 per ticket, 54,000 tickets were sold. When the price was raised to $5, only 48,000 tickets were sold. Assume that the demand function is linear and that the variable and fixed costs for the ball park owners are $0.10 and $95,000 respectively. (a) Find the profit P as a function of x, the number of tickets sold. P(x) = (b) Select the graph of P. y 150000 150000 150000 100000...
There is a shortage of college basketball and football tickets for some games, and a surplus occurs for other games The following graph shows the market for the football team home games. Suppose that your favorite football team has a stadium that seats 15,000 people and that for every game during the season, the football team administrators charge $15 for tickets. The demand curve for the tickets for the top-of-the-league games is labeled DTop and the demand curve for the...
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