NAIMMCQ Microeconomics At a large institution of higher learning, the demand for football tickets at each game is t (p) = 100,000 - 8,000p. If the capacity of the stadium at the university is 60,000 seats, what is the revenue-maximizing price for this university to charge per ticket?

At a large institution of higher learning, the demand for football tickets at each game is t (p) = 100,000 - 8,000p. If the capacity of the stadium at the university is 60,000 seats, what is the revenue-maximizing price for this university to charge per ticket?

Microeconomics

At a large institution of higher learning, the demand for football tickets at each game is t (p) = 100,000 - 8,000p. If the capacity of the stadium at the university is 60,000 seats, what is the revenue-maximizing price for this university to charge per ticket?

Answer: $6.25

NAIMMCQ

At a large institution of higher learning, the demand for football tickets at each game is t (p) = 100,000 - 8,000p. If the capacity of the stadium at the university is 60,000 seats, what is the revenue-maximizing price for this university to charge per ticket?

At a large institution of higher learning, the demand for football tickets at each game is t (p) = 100,000 - 8,000p. If the capacity of the stadium at the university is 60,000 seats, what is the revenue-maximizing price for this university to charge per ticket?

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