Hannah Gadsby is doing a one-night only show in Toronto at Massey Hall. Only 278 seats (identical on all dimensions) are available. There are two types of ticket buyers--those who love Hannah Gadsby (57 people) and those who are only looking for a fun thing to do on a Friday night (500 people). Every consumer buys only one ticket. Hannah Gadsby fans are willing to pay $351 for a ticket and they really want to be at the show. The other buyers are willing to pay $243 for a ticket. Massey Hall does not allow ticket resale. All (and only) Hannah Gadsby fans are on a mailing list. Massey Hall emails them with the opportunity to buy a ticket before tickets go on general sale. If Massey halls price discriminates, what is the highest revenue it can make from the show? Enter a number only, no $ sign, no commas.

Hannah Gadsby is doing a one-night only show in Toronto at Massey Hall. Only 278 seats (identical on all dimensions) are available. There are two types of ticket buyers--those who love Hannah Gadsby (57 people) and those who are only looking for a fun thing to do on a Friday night (500 people). Every consumer buys only one ticket. Hannah Gadsby fans are willing to pay $351 for a ticket and they really want to be at the show. The other buyers are willing to pay $243 for a ticket. Massey Hall does not allow ticket resale. All (and only) Hannah Gadsby fans are on a mailing list. Massey Hall emails them with the opportunity to buy a ticket before tickets go on general sale. If Massey halls price discriminates, what is the highest revenue it can make from the show? Enter a number only, no $ sign, no commas.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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