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price recommendation You have been hired to help improve their ticket pricing- Alter analyzing pricing and promotion data from the previous year, you have determined

price recommendation

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You have been hired to help improve their ticket pricing- Alter analyzing pricing and promotion data from the previous year, you have determined that the price elasticity of demand di'ers signicantly between the upper and lower decks. For lower deck tickets, the price elasticity of demand is l.4 for a seat per game, while for upper deck tickets it is 2.0 for a seat per game. suppose you have determined that the marginal cost of providing a seat is $18 per game for both the upper and lower decks. a} Based on the Markup pricing rule, what price would you recommend that they charge for individual lower deck tickets next year? b) Based on the Markup pricing rule, what price would you recommend that they charge for individual upper deck tickets next yearfll

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