PLEASE write math process as well

The Green Bay Packers have a monopoly on selling professional football tickets. They can produce tickets (and thus offer admission to ticket holders) at a MC = 0 for any ticket up to 80,000 - the capacity of the stadium. At that quantity, essentially, MC becomes prohibitive (infinite). Their fixed costs are $200,000. Market demand and marginal revenue for tickets are given by: QD = 100 - (1/4)*P P: $ / ticket MR = 400 - 8*QD Q: thousands of tickets

If the Packers seek to maximize profits and charge a single price for all tickets to the game, how many tickets should they sell?

a. 40 thousand tickets b. 50 thousand tickets c. 75 thousand tickets d. 80 thousand tickets

New, local blackout restrictions in Green Bay mean that ONLY if the Packers sell out the stadium do they have the rights to broadcast the game on television. If the game is broadcast, the team receives $10 million in revenue (don't forget that ticket quantities are in thousands in your D and MR curves above!). As a result of these new blackout restrictions, the profit maximizing Packers should sell:

a. 40 thousand tickets b. 50 thousand tickets c. 75 thousand tickets d. 80 thousand tickets

The NFL implements new revenue sharing policies that apply to all broadcast revenues, mandating that any such revenues be shared equally among all 32 teams in the league. This new policy will cause the profit maximizing Packers to sell:

a. 40 thousand tickets b. 50 thousand tickets c. 75 thousand tickets d. 80 thousand tickets

The Packers buy the local media company that broadcasts their games. Its strategy now should be to __________ and __________.

a. Sell 80 thousand tickets ; charge the local media company $1 for the rights to broadcast games. b. Sell 80 thousand tickets ; charge the local media company $10 million for the rights to broadcast games. c. Sell fewer than 80 thousand tickets ; forfeit the opportunity to broadcast games. d. Sell fewer than 80 thousand tickets ; lobby for a new commissioner.