The owner of a baséball team and local stadium has Question 2. 7. 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 average price of a ticket and Q represents the number of seats (expressed in thousands). The local stadium seats a maximum of 56,000 per game. Suppose the owner offers you 10% of the revenues. If you can only choose a uniform per-ticket price, what is the maximum amount you can earn per game? (Note: Assume that all seats and all games are the same in this problem.)
The owner of a baséball team and local stadium has Question 2. 7. 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 average price of a ticket and Q represents the number of seats (expressed in thousands). The local stadium seats a maximum of 56,000 per game. Suppose the owner offers you 10% of the revenues. If you can only choose a uniform per-ticket price, what is the maximum amount you can earn per game? (Note: Assume that all seats and all games are the same in this problem.)
Chapter1: Making Economics Decisions
Section: Chapter Questions
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![Question 2. 7.
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 average price of a ticket and Q represents the
number of seats (expressed in thousands). The local stadium seats a maximum of 56,000
per game. Suppose the owner offers you 10% of the revenues. If you can only choose a
uniform per-ticket price, what is the maximum amount you can carn per game? (Note:
Assume that all seats and all games are the same in this problem.)
The owner of a baseball team and local stadium has](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdfb8c355-c7f5-4d58-be91-34f49393af2c%2Fdf97e561-2a98-4766-b285-0885d55f1c86%2Fbcymtk9_processed.png&w=3840&q=75)
Transcribed Image Text:Question 2. 7.
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 average price of a ticket and Q represents the
number of seats (expressed in thousands). The local stadium seats a maximum of 56,000
per game. Suppose the owner offers you 10% of the revenues. If you can only choose a
uniform per-ticket price, what is the maximum amount you can carn per game? (Note:
Assume that all seats and all games are the same in this problem.)
The owner of a baseball team and local stadium has
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