Use the table below to create a nonlinear model based on the table to answer the following question(s).
The Atlas Movies Theater is planning to reprice their ticket rates to maximize revenues.They have three classes of tickets: Classic, Silver, and Gold.The table below provides information on the average ticket sales, revenue and price elasticity on demand.They have a total seating capacity of 300.The table also provides the price range within which they plan to reduce their ticket rates.

-According to the nonlinear model, what is the new price for Classic tickets?
A)$7.50
B)$12.45
C)$6.50
D)$8.20

Question

Use the table below to create a nonlinear model based on the table to answer the following question(s).
The Atlas Movies Theater is planning to reprice their ticket rates to maximize revenues.They have three classes of tickets: Classic, Silver, and Gold.The table below provides information on the average ticket sales, revenue and price elasticity on demand.They have a total seating capacity of 300.The table also provides the price range within which they plan to reduce their ticket rates.
 
-According to the nonlinear model, what is the new price for Classic tickets?
A)$7.50 
B)$12.45 
C)$6.50 
D)$8.20

Quizplus · Accepted Answer

The Answer of Use the table below to create a nonlinear model based on the table to answer the following question(s).
The Atlas Movies Theater is planning to reprice their ticket rates to maximize revenues.They have three classes of tickets: Classic, Silver, and Gold.The table below provides information on the average ticket sales, revenue and price elasticity on demand.They have a total seating capacity of 300.The table also provides the price range within which they plan to reduce their ticket rates.
 
-According to the nonlinear model, what is the new price for Classic tickets?
A)$7.50 
B)$12.45 
C)$6.50 
D)$8.20

Use the Table Below to Create a Nonlinear Model Based