)), where P is the ticket price, Q 4. A team's demand curve for tickets is P = ( 200 10,000, 100 is the annual attendance, and W is the team's winning percentage. Marginal cost equals zero and fixed costs are 8,000W². (i) Find the optimal ticket price and quantity when the team's winning percentage is W. (ii) Find the optimal winning percentage.

)), where P is the ticket price, Q 4. A team's demand curve for tickets is P = ( 200 10,000, 100 is the annual attendance, and W is the team's winning percentage. Marginal cost equals zero and fixed costs are 8,000W². (i) Find the optimal ticket price and quantity when the team's winning percentage is W. (ii) Find the optimal winning percentage.

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter12: More Realistic And Complex Pricing

Section: Chapter Questions

Problem 12.2IP

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