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12 (5. points) Listen A local sports bar routinely promotes sporting events, such as the Super Bowl, the NCAA Sweet Sixteen tournament, the BCS games,
12 (5. points) Listen A local sports bar routinely promotes sporting events, such as the Super Bowl, the NCAA Sweet Sixteen tournament, the BCS games, the Masters, NBA and NFL playoffs, NHL, baseball, NASCAR, and key curling borspiels. By keeping records, the owner has determined that when the cover price is $12 the average number of patrons is 245. For every $1 change in cover charge, the number of patrons changes by 9. Assuming a linear demand curve, calculate the maximum reservation price for sporting events at this sports bar. Round your answer to the nearest dollar, Your Answer: Answer Question 13 (10 points) 4) Listen The Pampered Pooch sells high-end pet furniture, specializing in small breed dogs. The most popular item is the memory foam dog bed, with the following demand curve: Q = 20,500-233(P). While expensive, the bed comes with a washable cover and free shipping. Variable costs run at $40. At what quantity sold will total contribution margin be maximized? Round your answer to the nearest dog bed. Your
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