Use the Table Below to Create a Nonlinear Model Based

question 31

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 Gold tickets based on its new price?

• A)$432.93
• B)$1,316.92
• C)$1,116.03
• D)$523.29

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Sheer Effort

The intense and pure expenditure of energy and determination to achieve a particular task or goal.

Ability or Intelligence

The capacity to perform cognitive tasks, solve problems, and learn from experience, varying widely among individuals.

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The unjust or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, or gender.

Discrimination

The unfair or biased treatment towards various groups of individuals, notably based on their race, age, gender, or disabilities.