At a Large Institution of Higher Learning, the Demand for Football

question 87

Multiple Choice

At a large institution of higher learning, the demand for football tickets at each game is 100,000 - 8,000p. If the capacity of the stadium at that university is 60,000 seats, what is the revenue maximizing price for this university to charge per ticket?

• A) $6.25
• B) $5
• C) $12.50
• D) $3.13
• E) $18.75

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