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, which of the following is the projected revenue figure for Classic tickets based on its new price?
A)$1,314.72
B)$1,116.03
C)$521.68
D)$1,312.52

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, which of the following is the projected revenue figure for Classic tickets based on its new price?
A)$1,314.72 
B)$1,116.03 
C)$521.68 
D)$1,312.52

Quizplus · Accepted Answer

The Answer is A

Use the Table Below to Create a Nonlinear Model Based