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:

Co-Insurer

A scenario where multiple insurers share the risk of an insurance policy, each being responsible for a portion of any loss.

Life Insurance Policy

A contract with an insurance company that, in exchange for premium payments, provides a lump-sum payment to beneficiaries upon the insured person's death.

Drunken Rage

An extreme anger or aggressive behavior exhibited by an individual under the influence of alcohol, which can lead to unpredictable and potentially harmful actions.

Entire Amount

The entire amount refers to the full sum or total of something, without omitting any part or portion in calculations or distributions.