Question

Sun Life Stadium is an 80,000​-seat football stadium in​ Miami, Florida, where the​ NFL's Miami Dolphins and the University of​ Miami's Hurricanes both play football. Say that the demand function for Dolphins football tickets​ is:

Q^DOLPHINS =160,000 tickets−1,000P^DOLPHINS

and the demand function for Hurricanes football tickets​ is:

Q^HURRICANES =60,000 tickets−4,000PHURRICANES.

P is the price of a ticket. The demand for Dolphins games is much higher than the demand for Hurricanes​ games, so the weekends when the Dolphins are playing are the peak periods and the weekends when the Hurricanes play are the​ off-peak periods. The marginal cost of an additional spectator is​ $0 up to 80,000​, after which it becomes infinite.

The​ profit-maximizing price for tickets to Miami Dolphins games is $____.

The​ profit-maximizing price for tickets to University of Miami Hurricanes games is ​$____.

Answer 1

ANSCoeR Given h at Q DolPHINS16 0,000 Q^ HURRICANES ะ 60,00 ckets 4p00 PHURRICANES The ploft t mayimizing pice ticket o miam Dolphins qams D 160000 (poo PD ะ 1,50,000 to oo 1ood o00 TR 60e ood

MR 60 &Q 160 1000 500 Let 6o0 500 Q8o,o00 r- 160-80,00, ะ 80 ะ 80 ft mazimizng price for ttckets to untvexut H ะ 6 PH 0,000 ← Y000 YooopH ะ 60,000-9H eo 4ooo y000

4oo0 aooo MR Mc 8000 ะ 30,000 p. 15-30, 1.5