)), where P is the ticket price, Q 4. A team's demand curve for tickets is P = ( 200 10,000, 100 is the annual attendance, and W is the team's winning percentage. Marginal cost equals zero and fixed costs are 8,000W². (i) Find the optimal ticket price and quantity when the team's winning percentage is W. (ii) Find the optimal winning percentage.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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)), where P is the ticket price, Q
4. A team's demand curve for tickets is P = ( 200
10,000,
100
is the annual attendance, and W is the team's winning percentage. Marginal cost equals zero and
fixed costs are 8,000W².
(i) Find the optimal ticket price and quantity when the team's winning percentage is W.
(ii) Find the optimal winning percentage.
Transcribed Image Text:)), where P is the ticket price, Q 4. A team's demand curve for tickets is P = ( 200 10,000, 100 is the annual attendance, and W is the team's winning percentage. Marginal cost equals zero and fixed costs are 8,000W². (i) Find the optimal ticket price and quantity when the team's winning percentage is W. (ii) Find the optimal winning percentage.
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