MRL and DL are for low-demand games. MRH and DH are for high-demand games. Based on the graph above, what is the total revenue if variable ticket pricing is used? A $12,500,000 B $11,250,000 $16,000,000 D $15,750,000

MRL and DL are for low-demand games. MRH and DH are for high-demand games. Based on the graph above, what is the total revenue if variable ticket pricing is used? A $12,500,000 B $11,250,000 $16,000,000 D $15,750,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

$16,000,000
150
(D) $15,750,000
130
110
90
70
50
Ford Field Capacity is 65,000
10000
MC
30000 50000 70000
⠀
MRL and DL are for low-demand games. MRH and DH are for high-demand games.
Based on the graph above, what is the total revenue if variable ticket pricing is used?
A) $12,500,000
B) $11,250,000
MRL
DL
DH
MRH

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