Use the Table Below to Create a Nonlinear Model Based

question 54

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 total projected revenue for the new sales figures?

• A)$1,637.72
• B)$2,970.09
• C)$1,316.92
• D)$2,865.89

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Definitions:

Capital

Financial assets or resources that individuals or organizations use to fund their operations and invest in their businesses.

New Technology

The latest advancements or innovations in technology that offer improved solutions or efficiency.

Service Sector

A segment of the economy that provides intangible goods or services to consumers, including retail, healthcare, and financial services.