1. Let's look at the inverse demand for Tottenham Hotspurs Games games against 3 different opponents...

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1. Let's look at the inverse demand for Tottenham Hotspurs Games games against 3 different opponents (Arsenal, Liverpool and Fulham) Arsenal: P = 300 - 3Q Liverpool: P = 280 - 3.5Q Fulham: P = 190-3.8Q Using this information, Lets calculate how much the Spurs can charge for their games by using variable ticket price technique and compare it to how much it would be if they charged the Average Price. The Tottenham Hotspur Stadium can hold up to 63,000 fans and the MC is equal to 0 up until the point of full capacity. 1. Let's look at the inverse demand for Tottenham Hotspurs Games games against 3 different opponents (Arsenal, Liverpool and Fulham) Arsenal: P = 300 - 3Q Liverpool: P = 280 - 3.5Q Fulham: P = 190-3.8Q Using this information, Lets calculate how much the Spurs can charge for their games by using variable ticket price technique and compare it to how much it would be if they charged the Average Price. The Tottenham Hotspur Stadium can hold up to 63,000 fans and the MC is equal to 0 up until the point of full capacity.

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To calculate the optimal ticket prices using the variable pricing technique we can first determine t... View the full answer