Price $20 $14 s10 S7 $5 Quantity 1 2 3 4 5 a. If Holy Cross is a profit maximizer and it can only sell single game tickets, what price Cross charge, how many tickets will the average student buy, and how much profit wil college make per student (assuming MC - 0)? b. If Holy Cross is a profit maximizer but instead sells season-tickets for all 5 home game price will the college charge and how much profit will the college make per student? c. Give at least 2 other reasons besides higher ticket revenue why Holy Cross would pref season tickets rather than individual game tickets.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Suppose the average student's demand for Holy Cross football tickets is as follows:
$20 $14 s10 $7 $5
1 2
Price
Quantity
3 4 5
a. If Holy Cross is a profit maximizer and it can only sell single game tickets, what price will Holy
Cross charge, how many tickets will the average student buy, and how much profit will the
college make per student (assuming MC = 0)?
b. If Holy Cross is a profit maximizer but instead sells season-tickets for all 5 home games, what
price will the college charge and how much profit will the college make per student?
c. Give at least 2 other reasons besides higher ticket revenue why Holy Cross would prefer to sell
season tickets rather than individual game tickets.
2.
Transcribed Image Text:Suppose the average student's demand for Holy Cross football tickets is as follows: $20 $14 s10 $7 $5 1 2 Price Quantity 3 4 5 a. If Holy Cross is a profit maximizer and it can only sell single game tickets, what price will Holy Cross charge, how many tickets will the average student buy, and how much profit will the college make per student (assuming MC = 0)? b. If Holy Cross is a profit maximizer but instead sells season-tickets for all 5 home games, what price will the college charge and how much profit will the college make per student? c. Give at least 2 other reasons besides higher ticket revenue why Holy Cross would prefer to sell season tickets rather than individual game tickets. 2.
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