What price will generate the max revnue?

The demand fundtion for football tickets for a typical game at a larger southern university is D(P)= Show more The demand fundtion for football tickets for a typical game at a larger southern university is D(P)= 200000-10000P. The university has clever and avaricious atheletic director who sets the ticket prices as to maximize revnue. the universitys stadium holds 10000 spectators. Please provide solutions with all work shown for the below questions. A) Write down the inverse demand function B) Write down the expression of total revenue and marginal revenue as a function of the number of tickets sold C)

The demand fundtion for football tickets for a typical game at a larger southern university is D(P)= Show more The demand fundtion for football tickets for a typical game at a larger southern university is D(P)= 200000-10000P. The university has clever and avaricious atheletic director who sets the ticket prices as to maximize revnue. the universitys stadium holds 10000 spectators. Please provide solutions with all work shown for the below questions. A) Write down the inverse demand function B) Write down the expression of total revenue and marginal revenue as a function of the number of tickets sold C) What price will generate the max revnue? What quanity will be sold at this price? D) At this quanity what is the marginal revenue? Show less

What quanity will be sold at this price? D) At this quanity what is the marginal revenue? Show less

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