The Local Baseball Team Owner Hires You to Help Maximize

question 72

Multiple Choice

The local baseball team owner hires you to help maximize the team's profits.Assume your task is to maximize revenues from ticket sales.Your advice to the owner should be to

• A)Set the ticket price in the inelastic region of the demand curve in order to increase revenues.
• B)Raise the price as high as possible until the number of tickets sold begins to fall.
• C)Set the price as low as possible to make sure the stadium is always full.
• D)Set the price of tickets at the unitary elasticity price.

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