In the Same Football Conference There Is Another University Where

question 24

Multiple Choice

In the same football conference there is another university where the demand for football tickets at each game is 60,000 - 8,000p.If the capacity of the stadium at that university is 40,000 seats, what is the revenue-maximizing price for this university to charge per ticket?

• A)$3.75
• B)$1.88
• C)$7.50
• D)$2.50
• E)$11.25

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Definitions:

Giftedness

Exceptional natural ability or talent in one or more domains of human capability.

Spearman's Two-Factor

A theory proposing that intelligence consists of a general factor (g-factor) that influences overall cognitive ability and specific skills (s-factors) that relate to particular tasks.

Cognitive Gain Model

A theoretical framework that explains how certain interventions or experiences can lead to improvements in cognitive abilities over time.

Assimilation

The process by which a person or group becomes part of another culture by adopting its values and customs.