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(1 point) A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $9 the average atten...
A baseball team plays in a stadium that holds 52000 spectators. With the ticket price at $10 the average attendence has...
A baseball team plays in a stadium that holds 52000 spectators. With the ticket price at $10 the average attendence has been 23000. When the price dropped to $9, the average attendence rose to 26000. Assume that attendence is linearly related to ticket price. What ticket price would maximize revenue?
A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at...
A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $11 the average attendence has been 26000. When the price dropped to $9, the average attendence rose to 31000. Assume that attendence is linearly related to ticket price. What ticket price would maximize revenue? $ Question Help: Message instructor Submit Question Jump to Answer A farmer finds that if she plants 40 trees per acre, each tree will yield 20 bushels of fruit. She...
A baseball team plays in a stadium that holds 55.000 spectators with the ticket price 10,...
A baseball team plays in a stadium that holds 55.000 spectators with the ticket price 10, the average attendance at recent games has been 33,000. A market survey indicates that for every or the ticket prices lowered, tendance increases by 3000 (a) Find a function that models the revenue in terms of the price represent the price of a ticket and represent the revenue) () Find the price that maximus revenue from ticket sales What ticket price is so high...
please I need help My Institution Courses Library College Information Help & Support mapter 4; Applications of D...
please I need help
My Institution Courses Library College Information Help & Support mapter 4; Applications of Differentiation Quiz 3 David Ibrahim Timelimit: 3 hours. 2:57:45 remaining. [x Show Intro/Instructions A baseball team plays in a stadium that holds 72000 spectators. With the ticket price at $11 the average attendence has been 30000. When the price dropped to $8, the average attendence rose to 36000. Assume that attendence is lincarly related to ticket price. What ticket price would maximize revenue?...
Due e height y (in feet) of a ball thrown by a child is =--x2 + 2x + 3 14 where c is the horizontal distance in feet from the point at which the ball is thrown. (a) How high is the ball when it...
Due e height y (in feet) of a ball thrown by a child is =--x2 + 2x + 3 14 where c is the horizontal distance in feet from the point at which the ball is thrown. (a) How high is the ball when it leaves the child's hand? Preview feet (b) What is the maximum height of the ball? Preview feet (c) How far from the child does the ball strike the ground? Get help: Vide Points possible: 1...
A hockey team plays in an arena that has a seating capacity of 15,000 spectators. With...
A hockey team plays in an arena that has a seating capacity of 15,000 spectators. With the ticket price set at $14, average attendance at recent games has been 9500. A market survey indicates that for each dollar the ticket price is lowered, the average attendance increases by 1000. Find the ticket price that maximizes revenue from ticket sales. Recall that revenue is: ticket price x Attendance Enter the exact value of the ticket price. Answer An open-top box is...
Basic equations: Ol= (P-VC) Q-FC NI = 01 (1-t) R=(P) (0) The Toledo Mud Hens baseball...
Basic equations: Ol= (P-VC) Q-FC NI = 01 (1-t) R=(P) (0) The Toledo Mud Hens baseball team plays 70 home games a season. (We will ignore pre-season and playoffs for simplicity.) Their stadium has a capacity of about 10,000. Assume that the average ticket price is $15, variable costs are $1., and fixed costs are $6,000,000, which is mostly salaries of players and staff. The tax rate is 25%. What is their break even for the year, in terms of...
Study Prep, Chapter 13: Correlation, Simple Linear Regression, Multiple Regression MULTIPLE REGRESSION Major League Baseball Team (Team) recently hired Trixie, a third year student in the Fowler C...
Study Prep, Chapter 13: Correlation, Simple Linear Regression, Multiple Regression MULTIPLE REGRESSION Major League Baseball Team (Team) recently hired Trixie, a third year student in the Fowler College of Business, for an internship position. After showing Trixie around the facilities, Team provided Trixie with an office, desk, computer, phone, and instructed her to "figure out what professional baseball teams need to do to get fans in the seats." Below is a regression model Trixie developed in trying to get a...
1) Decreasing returns to scale may occur as increasing the amount of inputs used A) increases...
1) Decreasing returns to scale may occur as increasing the amount of inputs used A) increases specialization B) may cause coordination difficulties. C) always increases the amount of output produced D) increases efficiency. 2) Which of the following statements is NOT true? A) AFC = AC - AVC C) AVC = wage/MPL B) AC = AFC + AVC D) C=F-VC 3) The more elastic the demand curve, a monopoly A) will have a larger Lemer Index. will face a lower...
A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $11 the average attendence has been 26000. When the price dropped to $9, the average attendence rose to 31000. Assume that attendence is linearly related to ticket price. What ticket price would maximize revenue? $ Question Help: Message instructor Submit Question Jump to Answer A farmer finds that if she plants 40 trees per acre, each tree will yield 20 bushels of fruit. She...
A baseball team plays in a stadium that holds 55.000 spectators with the ticket price 10, the average attendance at recent games has been 33,000. A market survey indicates that for every or the ticket prices lowered, tendance increases by 3000 (a) Find a function that models the revenue in terms of the price represent the price of a ticket and represent the revenue) () Find the price that maximus revenue from ticket sales What ticket price is so high...
please I need help
My Institution Courses Library College Information Help & Support mapter 4; Applications of Differentiation Quiz 3 David Ibrahim Timelimit: 3 hours. 2:57:45 remaining. [x Show Intro/Instructions A baseball team plays in a stadium that holds 72000 spectators. With the ticket price at $11 the average attendence has been 30000. When the price dropped to $8, the average attendence rose to 36000. Assume that attendence is lincarly related to ticket price. What ticket price would maximize revenue?...
Due e height y (in feet) of a ball thrown by a child is =--x2 + 2x + 3 14 where c is the horizontal distance in feet from the point at which the ball is thrown. (a) How high is the ball when it leaves the child's hand? Preview feet (b) What is the maximum height of the ball? Preview feet (c) How far from the child does the ball strike the ground? Get help: Vide Points possible: 1...
A hockey team plays in an arena that has a seating capacity of 15,000 spectators. With the ticket price set at $14, average attendance at recent games has been 9500. A market survey indicates that for each dollar the ticket price is lowered, the average attendance increases by 1000. Find the ticket price that maximizes revenue from ticket sales. Recall that revenue is: ticket price x Attendance Enter the exact value of the ticket price. Answer An open-top box is...
Basic equations: Ol= (P-VC) Q-FC NI = 01 (1-t) R=(P) (0) The Toledo Mud Hens baseball team plays 70 home games a season. (We will ignore pre-season and playoffs for simplicity.) Their stadium has a capacity of about 10,000. Assume that the average ticket price is $15, variable costs are $1., and fixed costs are $6,000,000, which is mostly salaries of players and staff. The tax rate is 25%. What is their break even for the year, in terms of...
Study Prep, Chapter 13: Correlation, Simple Linear Regression, Multiple Regression MULTIPLE REGRESSION Major League Baseball Team (Team) recently hired Trixie, a third year student in the Fowler College of Business, for an internship position. After showing Trixie around the facilities, Team provided Trixie with an office, desk, computer, phone, and instructed her to "figure out what professional baseball teams need to do to get fans in the seats." Below is a regression model Trixie developed in trying to get a...
1) Decreasing returns to scale may occur as increasing the amount of inputs used A) increases specialization B) may cause coordination difficulties. C) always increases the amount of output produced D) increases efficiency. 2) Which of the following statements is NOT true? A) AFC = AC - AVC C) AVC = wage/MPL B) AC = AFC + AVC D) C=F-VC 3) The more elastic the demand curve, a monopoly A) will have a larger Lemer Index. will face a lower...
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