Profit maximize exercise

Profit maximize exercise - Profit Maximization Exercise...

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Profit Maximization Exercise ADAM S GOIT Section (2pm or 3:30pm): Cost data Ticket Demand Data Concession Demand Data Daily Volume Daily Total Costs Monthly Volume Price Daily Revenue Ticket Price 6.34 126 $799 29,265 $- $2,055.93 $- 4.92 166 $816 20,765 $0.50 $1,062.13 $0.50 3.47 246 $854 14,735 $1.00 $548.72 $1.00 2.49 370 $921 10,746 $1.46 $283.48 $1.50 1.98 500 $992 7,419 $2.00 $146.45 $2.00 1.67 656 $1,098 5,264 $2.50 $75.66 $2.50 1.39 986 $1,373 3,735 $3.00 $39.09 $3.00 Daily demand Ticket price Daily Ticket Revenue 976 $- - 692 $0.50 $346.09 491 $1.00 $491.15 358 $1.46 $522.98 247 $2.00 $494.57 175 $2.50 $438.67 125 $3.00 $373.52 (hint: use the estimated demand function below relating ticket price to concession sales) Daily ConcessionTicket Price $2,055.93 $- $1,062.13 $0.50 $548.72 $1.00 $283.48 $1.50 $146.45 $2.00 $75.66 $2.50 $39.09 $3.00 3. As chart #3, combine charts #1 and #2 into a single chart. 4.
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This note was uploaded on 03/20/2011 for the course MANEC 437 taught by Professor Benson during the Winter '11 term at BYU.

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