How can the go-cart owner maximize weekly revenue
A go-cart track has about 380 racers per week and charges $35 to race. The owner estimates that there will be 20 more racers per week for every $1.00 reduction in the price per ticket. How can the go-cart owner maximize weekly revenue?
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Bailey Company sells 25,424 units at $15.00 per unit. Variable costs are $8.00 per unit, and fixed costs are $8.00. The contribution margin ratio and the unit contribution margin, (rounding to two decimal points) are?
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The owner estimates that there will be 20 more racers per week for every $1.00 reduction in the price per ticket. How can the go-cart owner maximize weekly revenue?
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