In the Same Football Conference There Is Another University Where

question 10

Multiple Choice

In the same football conference there is another university where the demand for football tickets at each game is 80,000 - 4,000p.If the capacity of the stadium at that university is 50,000 seats, what is the revenue-maximizing price for this university to charge per ticket?

• A)$10
• B)$5
• C)$7.50
• D)$20
• E)$30

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Definitions:

Rapa Nui

An island in the southeastern Pacific Ocean, known for its monumental statues called moai, created by the early Rapa Nui people.

Abelam Culture

A society located in the East Sepik Province of Papua New Guinea, known for their elaborate yam festivals and impressive ceremonial houses called haus tambarans.

Yam Cultivation

The agricultural practice of growing yams, a type of tuber that is a staple food in many parts of the world, particularly in Africa and the Pacific.

Trobriand Islanders

The indigenous people of the Trobriand Islands, part of Papua New Guinea, known for their unique matrilineal society and Kula ring exchange system.