You Have Just Opened a New Nightclub, Russ's Techno Pitstop $q = - 12 p + 480$

question 11

Multiple Choice

You have just opened a new nightclub, Russ's Techno Pitstop, but you are unsure how much to charge for the cover charge (entrance fee) . One week you charged $9 cover per guest and averaged 372 guests per night. The next week you charged $20 per guest and averaged 240 guests per night. Find the linear demand equation showing the number of guests q per night as a function of the cover charge p.

• A) \(q = - 12 p + 480\)
• B) \(q = 12 p + 480\)
• C) \(q = - 12 p + 492\)
• D) \(q = - 12 p + 468\)
• E) \(q = 12 p + 492\)

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Definitions:

Consumer-based Culture

A society characterized by the excessive buying and spending of goods and services, with consumer preferences and activities shaping social norms and values.

Traditional Values

The long-established principles and moral standards that are passed down through generations, often seen as the foundation for social norms and behaviors.

Constant Television Households

Homes where the television is frequently or almost always on, regardless of whether or not someone is actively watching.

Ethnocentrism

The belief in the inherent superiority of one’s own ethnic group or culture, often accompanied by a disdain for other groups.