Question 5 0 / 10 points Assume the following demand curve: Q = 50,400 1,200(P). Variable costs are estimated to be $25.32. Calculate total contribution margin at the optimal price. Round your answer to the nearest dollar. Answer: * (83,467) Question 6 0/10 points Assume the following demand equation: Q = 750 - 24(P). Variable costs = $6. Calculate marginal revenue for the 251st unit. Round your final answer to the nearest dollar. (When you are calculating the two prices, do not round to less than 2 decimal places. In other words, you are safe to round each price to the nearest penny.) Answer: x (10) Question 7 0/5 points A local sports bar routinely promotes sporting events, such as the Super Bowl, the NCAA Sweet Sixteen tournament, the BCS games, the Masters, MBA and NFL playoffs, NHL, baseball, NASCAR, and key curling bonspiels. By keeping records, the owner has determined that when the cover price is $15 the average number of patrons is 243. For every $1 change in cover charge, the number of patrons changes by 11. Assuming a linear demand curve, calculate the maximum willingness to buy for sporting events at this sports bar. Answer: * (408)

Assume the following demand curve: Q=50,4001,200(P). Variable costs are estimated to be $25.32. Calculate total contribution margin at the optimal price. Round your answer to the nearest dollar. Answer: (83,467) Question 6 0/10 points Assume the following demand equation: Q=75024(P). Variable costs =$6. Calculate marginal revenue for the 251st unit. Round your final answer to the nearest dollar. (When you are calculating the two prices, do not round to less than 2 decimal places. In other words, you are safe to round each price to the nearest penny.) Answer: (10) Question 7 0/5 points A local sports bar routinely promotes sporting events, such as the Super Bowl, the NCAA Sweet Sixteen tournament, the BCS games, the Masters, NBA and NFL playoffs, NHL, baseball, NASCAR, and key curling bonspiels. By keeping records, the owner has determined that when the cover price is $15 the average number of patrons is 243 . For every $1 change in cover charge, the number of patrons changes by 11 . Assuming a linear demand curve, calculate the maximum willingness to buy for sporting events at this sports bar. Answer: (408)