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 comma 000 people per game. every decrease of $5 adds 10 comma 000 people to the average number. every person at the game spends an average of $5.00 on concessions. what price per ticket should be charged in order to maximize revenue? how many people will attend at that price?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A university is trying to determine what price to charge for tickets to football games. at a price of $30 per ticket, attendance averages ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Net credit sales for the month are $4,000,000 for Marx Clothiers. Its accounts receivable balance is $160,000. The allowance is calculated as 7.5% of the receivables balance using the percentage of receivables basis.
Answers (1)
In BCG portfolio analysis, products in low-growth markets that have received heavy investment and now have excess funds available to support other products are called: a. stars. b. cash cows. c. question marks. d. dogs. e. anchors.
Answers (2)
Which of these is a natural result of specialization? A) Isolation is caused by specialization. B) When people specialize they become rich. C) Specialization leads to interdependence. D) Specialization leaves people worse off than without. Eliminate
Answers (2)
Adjusting Entries are: A. not required. B. updating entries for previously unrecorded expenses or revenues. C. will always affect cash. D. corrections of errors.
Answers (2)
The American Civil Liberties Union was heavily funded by the Republican Party and Wall Street businessmen in the hopes of promoting censorship of communist and socialist propaganda and activists. A. True B. False
Answers (1)
New Questions in Business
When dvds and hamburgers were the same price, mavis consumed 3 hamburgers and 5 dvds, and mavis received 10 utils from the last hamburger and 15 utils from the last dvd consumed.
Answers (1)
When a commercial seller's agent invites other brokers to act as subagents to procure a buyer, who is compensated when the property sells?
Answers (1)
Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1.00 per poster. She has fixed costs of $250.00.
Answers (1)
The direct link between customers and the company is performed by: legal services marketing information chemists environmental chemists corporate management
Answers (1)
Limited liability companies are primarily designed to: a. spin off a wholly owned subsidiary b. provide the benefits of the corporate structure to foreign-based entities c.
Answers (1)