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Question One (a) Youth for NARC (YFN) football team wish to play their 2003 year opener match at the 'Nyayo National Stadium. KFF charges Ksh.
Question One (a) Youth for NARC (YFN) football team wish to play their 2003 year opener match at the 'Nyayo National Stadium. KFF charges Ksh. 60,000 per match plus 40 percent of the gate collections for the use of the stadium. YFN intends to charge Ksh. 450 per ticket. Previous records indicate that 5,000 people attend each YFN match Determine: ) (11) (iii) the Humber of tickets which must be sold for the match to break even. the ticket price that would allow YFN to just break even the ficket price that would allow YFN to earn Ksh. 120,000 required for theit next match in Dar-es-Salaam. (6) Economic surveys of suppliers and consumers of a popular commodity resulted to the following data: 40 60 Price 20 50 30 10 20 10 30 Demand 20 30 25 40 25 20 15 5 5 Supply . '15 Establish the demand and supply functions Determine the equilibrium quantity and price
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