The Maize Eagles are evaluating ticket prices for its basketball games. Studies show that Friday and Saturday night games average more than twice the number of fans compared to other days. The following information pertains to the stadium's normal operations per season:
The stadium is open for 4 operating hours on each day a game is played. All employees work by the hour except for the administrators. A maximum of one game is played per day and each fan has only one ticket per game.
The stadium authority wants to charge more for games on Friday and Saturday. What is the minimum price that should be charged for peak attendance nights?
Definitions:
Personal Dispositions
Enduring characteristics or tendencies that influence behaviors and attitudes across different situations and times.
Social Norms
Shared guidelines or expectations within a society or group about how to act, which influence people's behavior.
Personality Traits
Personality traits are enduring characteristics that describe an individual's behavior, mindset, and emotional patterns.
Social Psychology
The scientific study of how people's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.
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