So Profit - Total Revenue - Total Costs. Total Revenue (TR) - Price (P) * Quantity Sold (Q). 1 B 1 2 10 DO 3 No Promotion With Promotion 800 1,600 S 700 S 5 5,600.00 5 11.200,00 700 4 eBook 5 6 7 No. of Tickets at Regular Price Regular Price per Ticket Total Revenue from Ticket Sales (Price x No of Ticket Sales) No of Baseball Hats Ordered Cost per Baseball Hat Cost of the Baseball Hat Promotion No Ordered x Cost per Hat) Revenue Baseball Hat Costa Increased Profit Earned from Promotion 8 5 5,600.00 1. If the team buys 1,600 baseball hats, what is the total cost of the promotion? 10 points eBook $9.440 $2,105 $4.960 $3,200 $275 References 20011 Novemb Seved Help Save & EX Marketing Analytics introduction to marketing Analytics The Norman Jaguars, a minor league baseball team, has recently hired you as its new marketing coordinator . The team would like to increase the profitability of home games by using marketing tools such as promotional giveaways. You have conducted some preliminary market research to determine which promotional items generate the best returns, and have recommended offering souvenir baseball hats during an upcoming game The team owners tell you that all tickets for the upcoming season will be sold at $700, and only general admission seating will be available. The average game draws 800 fans to the ballpark each of whom purchases a ticket your research shows that minor league teams in your region typically double their average attendance on baseball hat giveaway nights. As such, the owners are projecting that the team will sell 1600 Sickets for this game. Adreno Centro The owners have found a supplier who can produce the souvenir Jaguar baseball hats for $310 per unit, as long as the team orders a minimum of 1,000 units. The team owners are reluctant to spend thousands of dollars on this new promotion and have asked you to show profit and revenue numbers for baseball hat promotion night The purpose of this exercise is to learn how the variation of cost total revenue and quantity can determine price Recall that