Use the Table Below to Create a Nonlinear Model Based

question 61

Multiple Choice

Use the table below to create a nonlinear model based on the table to answer the following question(s) .
The Atlas Movies Theater is planning to reprice their ticket rates to maximize revenues.They have three classes of tickets: Classic, Silver, and Gold.The table below provides information on the average ticket sales, revenue and price elasticity on demand.They have a total seating capacity of 300.The table also provides the price range within which they plan to reduce their ticket rates.

-According to the nonlinear model, what is the new price for Gold tickets?

• A)$16.50
• B)$15.50
• C)$16
• D)$16.11

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Definitions:

Economies

The wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.

North

In the context of United States history, refers to the region opposed to the slavery-based economy of the South, particularly during the Civil War era.

South

Refers generally to the southeastern region of the United States, historically known for its distinct economic, cultural, and historical traits, particularly those stemming from the antebellum period and the Civil War.

Sea Islands Experiment

A Reconstruction-era project where freed slaves were given land in the Sea Islands to test the feasibility of emancipation and land redistribution.