Stadium has commissioned a study that showed the demand by


Stadium has commissioned a study that showed the demand by fans for stadium seats (per playing date) to be P = 22 - 0.2Q, where P is the price of a ticket and Q represents the number of seats (expressed in thousands). The local stadium seats a maximum of 50,000 per game. Assume that all seats are identical. The current price has been set at $10 per ticket. How much revenue dose the owner make at this current price?

Request for Solution File

Ask an Expert for Answer!!
Business Economics: Stadium has commissioned a study that showed the demand by
Reference No:- TGS01304227

Expected delivery within 24 Hours