Athletic director was once quoted as saying

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Reference no: EM1321538

Q. 1. An athletic director was once quoted as saying that he felt his school spent too much on athletics but that it could not afford to stop. Use game theory to model his dilemma.

2. Assume that the demand curve for tickets to see a football team is given by Q=100,000-100p also marginal cost is zero.

a) How so many tickets would the team be able to sell (ignoring capacity constraints) if it behaved competitively also set cost equal to marginal cost?

b) How so many tickets would it sell-- also illustrates what cost would it charge if it behaved like a monopoly?

3. Assume the typical Buffalo Bills fan has the demand curve for Bills football games: p=120-10G, where G is the number of games the fan attends.

a) If the Bills want to sell the fan a ticket to all eight home games, illustrate what cost must they charge? Illustrate what are their revenues?

b) Assume the Bills have the chance to offer a season ticket that is good for all eight home games, a partial season ticket that is good for four home games also tickets to individual games. Illustrate what cost should they charge? Illustrate what is their revenue?

Reference no: EM1321538

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