« previous next »

Author Question: If the Slamdunkers can sell 5000 season tickets for 100 and 6000 season tickets only by lowering the ... (Read 62 times)

lindiwe

  • Hero Member
  • *****
  • Posts: 577
on: Jun 29, 2018
If the Slamdunkers can sell 5000 season tickets for 100 and 6000 season tickets only by lowering the price to 80, the demand for season tickets between the two prices is
 
  A) elastic.
  B) inelastic.
  C) marginal.
  D) unit elastic.

Question 2

If the Slamdunkers can sell 5000 season tickets for 100 and 6000 season tickets only by lowering the price (for all purchasers) to 80, our best estimate of the marginal revenue from sale of the 550th season ticket is
 
  A) 100.
  B) 90.
  C) 80.
  D) -20.


jaykayy05

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

season of life season of life
Mechanism of Action of Lipid-Lowering Drugs Mechanism of Action of Lipid-Lowering Drugs
Suicide and Season of Birth Suicide and Season of Birth
Keep this in mind when booking the tickets. Keep this in mind when booking the tickets.
Tickets for the school play were $3 for students and $5 for all others. The box office sold 750 ... Tickets for the school play were $3 for students and $5 for all others. The box office sold 750 ...
Video: The life cycle of protein

For a complete list of videos, visit our video library