Business, 24.06.2020 05:01 LiliGrey4335
The marginal cost of selling a ticket is $12. Other fixed costs per game equal $6000. Finally, seating capacity is 6000. Use the following steps to find the profit maximizing price: first, calculate the Total Revenue=PriceĂ—Tickets. Second, calculate the Marginal Revenue, which is the change in Total Revenue as you move from one price level to the next. Finally, find the price at which Marginal revenue=Marginal cost.
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The marginal cost of selling a ticket is $12. Other fixed costs per game equal $6000. Finally, seati...
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