Use the Table Below to Create a Nonlinear Model Based

question 3

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.

-Which of the following is the rectilinear distance between the points A(13,15) and B(10,12) ?

• A)4
• B)25
• C)6
• D)10

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Definitions:

Farmer's Market

A physical retail marketplace intended for farmers to sell directly to consumers fresh produce and local goods.

Price Elasticity of Demand

The degree to which the quantity demanded of a good changes in response to a change in its price, holding everything else constant.

Air Travel

The act of travelling from one place to another through the atmosphere, typically using airplanes.

Business Travelers

Individuals who travel primarily for business purposes, including conferences, meetings, and client visits.