Question
2. The Canucks uses the following price structure for the 16,000 hockey tickets they sell. They sell 5,000 seats at $130 per game, 8,000 seats
2. The Canucks uses the following price structure for the 16,000 hockey tickets they sell. They sell 5,000 seats at $130 per game, 8,000 seats at $80 per game, and 3,000 seats at $38/game. (a) GM Place is considering adding 1,000 more seats in a new premium section. What price would they need to charge to obtain an average price of $94 per ticket? (b) Upon realizing that they had the most expensive tickets in the league, the Canucks decided not to add these 1,000 premium seats, but instead make a section of cheaper seats. If they sold these seats for $45 each, how many seats would they need to sell in order to have an average price per ticket of $85?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started