How much revenue dose the owner make at this current price

Assignment Help Business Economics
Reference no: EM13999883

The owner of a baseball team and local stadium has 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 price of a ticket and Q represents the number of seats (expressed in thousands). The local stadium seats a maximum of 50,000 per game. Assume that all seats are identical. The current price has been set at $10 per ticket. how much revenue dose the owner make at this current price?

Reference no: EM13999883

Questions Cloud

Comparing the opportunity cost of producing wine : Suppose that Italy and Germany both produce fish and wine. Italy's opportunity cost of producing a bottle of wine is 4 pounds of fish while Germany's opportunity cost of producing a bottle of wine is 9 pounds of fish. By comparing the opportunity cos..
Used a transactional leadership approach : he previous manager used a transactional leadership approach, which has been relatively ineffective. Evaluate one leadership style and describe which you would take. An experienced executive assistant discovered that she made the same amount of money..
Does google research on the performance : Why isn't having the greatest amount of technical expertise the key to being a good supervisor at Google?  Does Google's research on the performance of its managers surprise you? Why or why not
Calculate the amount of each charge in micro coulombs : 2 equal charges are separated by 52 mm and experience a repulsion force of 9 Newton. Calculate the amount of each charge in micro coulombs.
How much revenue dose the owner make at this current price : The owner of a baseball team and local stadium has 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 price of a ticket and Q represents the number of seats (expressed in thous..
Monopoly power comes from market acceptance : Consider the statement, “Monopoly power comes from market acceptance, not from a patent, a prettier product, a slick advertising campaign, or anything else. So rather than spend your time in court, you should be out there drumming up business.”
What is the total charge of all protons in one gram of water : What is the total charge of all protons in 1 gram of water (H2O). How many excess electrons can be counted in a rubber rod of -6 x 0.00001 nano Coulombs of charge?
How much everyone contributed to the project : How cooperative each team member was: Please rate on 1-5 scale. 1 is not cooperative, 3 is average, and 5 is very cooperative. Things such as being helpful in coming up with ideas, timely email exchange, actively research the topic and share findi..
How an organization can measure transfer of training : Discuss how an organization can measure transfer of training while evaluating training

Reviews

Write a Review

Business Economics Questions & Answers

  Describe the supply and demand shifts that are occuring

Describe the supply and demand shifts that are occuring. What would happen to the demand curve if the major taxi companies lowered their rates.

  Write a formula which describes the marginal product

Write a formula which describes the marginal product of labor in the short run as a function of the amount of the labor used.

  What are the basic elements of health insurance

What are the basic elements of health insurance? Define and discuss these elements. For example, what are risk and uncertainty and why are they important concepts in health insurance? What are the benefits and drawbacks to having employers as the pri..

  Determine the after-tax equivalent present worth

A certain engine lathe can be purchased for $270,000 and depreciated over three years to a zero salvage value with the SL method. This machine will produce metal parts that will generate revenues of $180,000 (time zero dollars) per year. Determine th..

  Total costs many companies are now replacing paychecks

In an effort to reduce their total costs many companies are now replacing paychecks with payroll cards

  Exchange rates and economic policy

Discuss in detail, the impact that currency movements are having on the economic data that you are collecting in Part A.

  Price elasticity of demand for these infant clothes

A manufacturer of infant clothes has found that the demand for its product is given by Q = 100P-1.25A0.5, where P is price and A is advertising expenditures. The price elasticity of demand for these infant clothes is? Show me the work

  German economy has also suffered major recession

While Greece needs help, the German economy has also suffered major recession itself. As an advisor, how would you advise the chancellor: to bail out or kick out Greece? As a German taxpayer, are you willing to pay higher taxes to help Greece? What a..

  Partnership dissolution

Dorinda, Luis, and Elizabeth form a limited partnership. Dorinda is a general partner, and Luis and Elizabeth are limited partners. Consider the separate events below, and discuss fully whether each event constitutes dissolution of the limited partne..

  The current price upper p subscript t of a share

The current price Upper P Subscript t of a share of DuWop? (a publicly traded? company) is? $25. Which of the following price movements? (in the next time? period, Upper P Subscript t plus 1 ?) is consistent with a random walk LOADING... ??

  Draw the budget constraint and indifference curves

Suppose a person has $20 to spend on music and likes both rap music (R) and country music (C) with a set of preferences so that U=C^1/2R^1/2. Write down the budget constraint equation for him. Show his optimal consumption choice in a graph. Use the h..

  Percentage of the total variation

What percentage of the total variation in the number of calls is explained by the regression model.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd