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

question 40

Multiple Choice

At a large institution of higher learning, the demand for football tickets at each game is 100,000 - 6,000p.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)$16.67
• B)$8.33
• C)$6.67
• D)$4.17
• E)$25

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