Author Question: The Maize Eagles are evaluating ticket prices for its basketball games. Studies show that Friday and ... (Read 34 times)

dakota nelson · **on:** Mar 6, 2021

The Maize Eagles are evaluating ticket prices for its basketball games. Studies show that Friday and Saturday night games average more than twice the number of fans compared to other days. The following information pertains to the stadium's normal operations per season:

Average fans per game (all games)

2500

fans

Average fans per Friday and Saturday night games

3500

fans

Number of home games per season

30

games

Stadium capacity

3500

seats

Variable operating costs per operating hour

$3000

Marketing costs per season for basketball

$139,500

Customer-service costs per season for basketball

$25,000

The stadium is open for 4 operating hours on each day a game is played. All employees work by the hour except for the administrators. A maximum of one game is played per day and each fan has only one ticket per game.

The stadium authority wants to charge more for games on Friday and Saturday. What is the minimum price that should be charged for peak attendance nights?
◦ $4.99
◦ $4.80
◦ $6.99
◦ $209.80

softEldritch · **Reply #1 on:** Mar 6, 2021

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