Use the Table Below to Create a Nonlinear Model Based

question 48

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, which of the following is the projected revenue figure for Classic tickets based on its new price?

• A)$1,314.72
• B)$1,116.03
• C)$521.68
• D)$1,312.52

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Definitions:

Multiracial

Describing individuals or groups composed of or relating to people from more than one racial background.

Phenotype

The visible traits or features of an organism, influenced by its genetic configuration as well as environmental factors.

Racial Category

A classification of humans into groups based on physical traits, ancestry, genetics, or social relations, often used for social identification.

Racism

Prejudice, discrimination, or antagonism directed against someone of a different race based on the belief that one's own race is superior.