Use the Table Below to Create a Nonlinear Model Based

question 51

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 Silver tickets based on its new price?

• A)$1,163.02
• B)$1,132.08
• C)$1,224.63
• D)$1,316.92

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Definitions:

HR Forecasting Advantages

The benefits of predicting an organization's future human resource needs to ensure that it has the right number of employees with the necessary skills.

Organizational Strategy

A comprehensive plan that outlines how a company will allocate its resources and manage its operations to achieve its goals and objectives.

HR Costs

The expenses related to managing an organization's human resources, including salaries, benefits, training, and recruitment.

Contingency Planning

The process of preparing for potential future events or emergencies to ensure effective responses.