Sell tickets to both students and non-students

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Reference no: EM131235776

A baseball team wants to sell tickets to both students and non-students.

The weekly demand among students for tickets is Q = 720 - 80P

Marginal revenue from students is MR = 9 - 0.025Q

The team incurs a marginal cost of $3 among all fans.

How many tickets would the team sell to students, to maximize profit and what price would they charge them?

A step-by-step guide for this problem would be so helpful.

Reference no: EM131235776

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