Refer to Figure 7.2.If Happy Times Theater charges one price to all customers,then that price will be
A)$6.25.
B)$7.50.
C)$10.00.
D)Not enough information available.

Question

Refer to Figure 7.2.If Happy Times Theater charges one price to all customers,then that price will be 
A)$6.25. 
B)$7.50. 
C)$10.00. 
D)Not enough information available.

Quizplus · Accepted Answer

From the graph, we can see that the theater's total revenue is maximized when it sells about 800 tickets at a price of $7.50. Therefore, if the theater charges one price to all customers, that price should be $7.50.