Solve. -A Basketball Fieldhouse Seats 15,000. Courtside Seats Sell for $10

question 12

Multiple Choice

Solve.
-A basketball fieldhouse seats 15,000. Courtside seats sell for $10, endzone for $6, and balcony for $4. Total for a sell-out is $82,000. If half the courtside and balcony and all endzone seats are sold, the total is $47,000. How Many of each type are there?

• A) 4000 courtside3000 endzone8000 balcony
• B) 3000 courtside2000 endzone10,000 balcony
• C) 3200 courtside1800 endzone10,000 balcony

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Definitions:

Marginal Revenue

The additional income that is gained from selling one more unit of a good or service.

Non-discriminating Monopolist

A monopolist that charges all consumers the same price for its product.

Marginal Revenue

The added income resulted from the transaction of an additional unit of a product or service.

Monopolist

A single seller in a market with no close substitutes for the product or service, allowing for control over prices.