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Need help! 9. You have the following information in Table 6.1 for the Unit Prices per performance at various Quantities (Q), measured as the length

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9. You have the following information in Table 6.1 for the Unit Prices per performance at various Quantities (Q), measured as the length of the run, for each of the Marginal Revenue, (MR) Average Total Revenue (ATR), Marginal Cost (MC), and Average Total Cost (ATC) curves associated with a live performance of Chicago at the Ambassador Theatre in New York City, which has a seating capacity of 1108. (Note: $1K = $1,000.) Table 6.1: Market Demand for Tickets to the Opera Q MR ATR MC ATC 300 $80K $100K $83.75K $80K 350 $83.75K $106.25K $83.75K 88K 400 $87.5K $112.5K $83.75K $112.5K 450 $91.25K $118.75K $83.75K $120K (a) What should the length of run be for a for- prot theater company? Explain. (b) What would the length of the run be if the Ambassador Theatre was operating as a nonprot while meeting a balanced budget? Explain. (c) Suppose the City of New York decided that it wanted the Ambassador Theatre to operate as a nonprot (to which it agreed) and to increase its length of the run for Chicago to 450 perfor- mances. How much would it have to subsidize the production

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