1 answer

Can you please provide work with explanation, formulas and step by step process on how to solve this. 5.) When

Question:

Can you please provide work with explanation, formulas and step by step process on how to solve this.
5.) When a movie theater sells tickets for S6 each, it is able to fill 1200 seats. For every S2 price increase to the tickets
5.) When a movie theater sells tickets for S6 each, it is able to fill 1200 seats. For every S2 price increase to the tickets, 30 fewer seats are filled in the theater. The theater has a fixed cost of $9000 and an additional cost of $3 per customer. Find the functions for revenue, cost, marginal revenue, and marginal cost for the theater. Determine when the theater's profit is maximized. Determine when the theater's average cost is minimized Find the demand equation for movie tickets from this theater, compute its elasticity, and discuss what this means.

Answers

cket bine Seats 1200 iu nthons Cost 1000 + xNo of seats aina Kercnise a)Maginal lest Alo using nualnplucahm u-t N30 ved man.lg Cest lotal Cest boo+ A/ Min AP 2. 15 ls Eqwa ls flash 2.

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