What would be the average profit per fan

Reference no: EM133487254

Case: A professional rugby team is selling tickets for a two-game weekend series with a key rival. There are two equal-sized groups of fans. "Saturday" fans get $30 in value from a ticket to the Saturday game, and only $20 in value from a ticket to the Sunday game.

"Sunday" fans get $35 in value from a ticket to the Sunday game, but only $10 in value from a ticket to the Saturday game. There is no cost to admitting a spectator, and there are no capacity constraints.

Question 1: If the team sells tickets to the Saturday and Sunday games separately, what prices would they charge, and what would be the average profit per fan? Explain briefly.

Question 2: If the team sells a ticket bundle, with tickets to both games, what price would they change, and what would be the average profit per fan? Explain briefly.

Reference no: EM133487254

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