Which option would you choose

Reference no: EM131061679

Suppose that you are the manager of a soccer stadium where all the tickets always have to besold at the same price. Two matches are scheduled to be played during the next fortnight, thefirst between Sundowns and Pirates and the second between two First Division sides.

(a) Market research indicates that you can sell 40 000 tickets for the Sundowns-Pirates clash atR10 each, or 30 000 tickets at R20 each. Which option would you choose? What is the priceelasticity of the demand for tickets for this particular game?

(b) Likewise, market research indicates that you can sell 15 000 tickets for the First Divisionfixture at R10 each, or 5 000 tickets at R20 each. Which option

Reference no: EM131061679

Questions Cloud

Two separate errors affected dryer shirts : Two separate errors affected Dryer Shirts in 20X4. The beginning inventory was overstated by $17,000 and the ending inventory was overstated by $23,000. Ignoring taxes, net income in 20X4 will be:

Numerical advantage of recombining tree : What is the numerical advantage of recombining tree? What condition must be satisfied to achieve the recombination in the binomial method?

Does the information disclosed in the article align : Describe how these findings might have affected your past or current beliefs about knowledge development. Do they refute or support your current beliefs, and in what ways? Are there variables about knowledge development for which you were unaware ..

Exemplify an idea that a writer is trying to communicate : Throughout this unit, we have discussed ways that illustrations can help to convey a point or to exemplify an idea that a writer is trying to communicate.

Which option would you choose : Market research indicates that you can sell 40 000 tickets for the Sundowns-Pirates clash atR10 each, or 30 000 tickets at R20 each. Which option would you choose? What is the priceelasticity of the demand for tickets for this particular game?

Find the mean hours of exercise per week by the participants : Describe the amount of variation in the life satisfaction ranking that is due to the relationship between the hours of exercise per week and the life satisfaction.

Katz list of supervisory competencies : How do Google's eight characteristics of most effective supervisors align with Katz's list of supervisory competencies? With four Management functions?

Appreciation of deborah''s praise : You spent the last week reflecting on both your appreciation of Deborah's praise and the success of the organization, and then had a long weekend with your family. As you walk in to work on Monday, all you can think about is how excited you are ab..

Promotional objectives or themes : This section will provide a comprehensive look at the promotional strategies of your organization. Begin with a look at the promotional objectives or themes used by your company. From there, review the promotional mix, this should include aprelimi..

User Account

All Pages