Assume the team wants to maximize revenue

Assignment Help Business Management
Reference no: EM131654602

You have been tasked with estimating the demand function of ticket sales for a sports team. You found a demand function Pt = 3000 2Qt

(a) Draw the demand function

(b) Find and draw the Marginal Revenue function

(c) Assume the team wants to maximize revenue, what price should they charge for a ticket?

Reference no: EM131654602

Questions Cloud

Discuss the use of probation : Discuss the use of probation and its effect on the corrections system. How often is it used in your state? (Virginia)
Advise jana and adrian as ssa is bound to contracts : ACC520 Legal Regulation of Business Structures Written Hypothetical Assignment. Advise Jana and Adrian as to whether SSA is bound to the contracts with Plastica
Quantity of twinkies and s is the quantity of soda : Calculate the MRS (marginal rate of substitution) of his utility function. Is the MRS a decreasing function of t?
Explain the effectiveness of the criminal justice systems : Describe characteristics that make a child or senior adult more likely to be a victim of abuse, neglect, or maltreatment.
Assume the team wants to maximize revenue : Assume the team wants to maximize revenue, what price should they charge for a ticket?
Should the ceo use open space technology and future search : Should the CEO use Open Space Technology, Future Search, or neither? Which major principles or concepts of Open Space Technology do you think the CEO violated?
Discuss the victimization of persons with disabilities : Discuss the victimization of persons with disabilities, persons with mental illness, and incarcerated persons.
Represent the demand and supply for bird feeders : The following equations represent the demand and supply for bird feeders.
What influences shape perceptions of gender roles : What influences shape perceptions of gender roles. Would you respond to a student who displayed nontraditional gender behavior

Reviews

Write a Review

Business Management Questions & Answers

  Consisting of seven members

How many ways can a male and a female be selected to decorate for a party from a club consisting of seven members, where 5 are men and 2 are women?

  How do you balance human error and negligence

How do you balance human error and negligence? Your response must encompass the core course concepts including patient safety, error, and personal accountability. Describe and explain utilizing course readings and citations from scholarly resource..

  Conduct research regarding the manner

Conduct research regarding the manner in which varying domestic and foreign governments govern supply chain and logistics issues.

  Evaluate a current development program

Written communication: Written communication is free of errors that detract from the overall message.

  Deliberate reasons a sales representative

Deliberate reasons a sales representative would try to sell at both the top and the bottom of the price range.

  Describing how business decision support systems

Write a 2 to 3 page essay describing how business decision support systems have evolved over the past several decades as computer and data capabilities have grown.  The rubric for this assignment can be viewed when clicking on the assignment link.

  Personality traits and characteristicseach year many

personality traits and characteristicseach year many business colleges and news organizations honor someone that they

  Globalization of business and managing peoplethe

globalization of business and managing peoplethe globalization of business has brought a wealth of styles cultures and

  Craft a brief strategy for a business concept

Craft a brief strategy for a business concept that would directly compete with the small business you selected. Explain the rationale for the strategy in detail.

  Comparative advantage and relative marginal opportunity cost

Considering what you have learned about "comparative advantage" and relative "marginal opportunity costs," discuss the advantages and disadvantages to all involved parties (American workers, American consumers, foreign workers, and foreign consume..

  Car for a series of equal-monthly payments

1) Create a amortized loan schedule in Excel where you lease the car for a series of equal, monthly payments. Price of car (79,045)

  Antitrust legislation in the us summarize key points

Go to the internet and find a news article (from 2015/2016 only) that discusses antitrust legislation in the U.S, summarize key points, and reference textbook material in support of your summary, and post in the Discussions area.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd