A local sports bar routinely promotes sporting events, such as the Super Bowl, the NCAA Sweet Sixteen
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Question:
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 $18 the average number of patrons is 216. For every $1 change in cover charge, the number of patrons changes by 9. Assuming a linear demand curve, calculate the maximum reservation price for sporting events at this sports bar. Round your answer to the nearest dollar.
Related Book For
Principles of Information Systems
ISBN: 978-0324665284
9th edition
Authors: Ralph M. Stair, George W. Reynolds
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