Question: ( Using Excel ) In the Stanford Stadium problem with 60000 seats and two prices (General Public vs. Student), suppose each General Public ticketholder also
- (Using Excel) In the Stanford Stadium problem with 60000 seats and two prices (General Public vs. Student), suppose each General Public ticketholder also buys $20 in concessions resulting in a $10 contribution margin, and each Student ticketholder buys $10 in concessions resulting in a $5 contribution margin. What are the prices that maximize total contribution? Write out your formulation.
General Public: dg (p g) = (120000 - 3000 p g )+
Student: ds (ps) = (20000 -1250ps) +
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
