Question 1. You are the pricing manager for a professional football team. Your stadium can seat 70,000 spectators. The marginal cost of selling another ticket (and thereby seating another spectator) is $0. Therefore, you are primarily interested in maximizing total revenue. For each of the following scenarios give the revenue-maximizing price.

a. The demand for tickets at each game is 120,000 5,000p.

b. The demand for tickets at each game is 120,000 4,000p.

c. The demand for tickets at each game is 200,000 5,000p.

d. The demand for tickets at each game is 180,000 4,000p.