A football stadium has a fixed number of seats. Given this, how should stadium management determine ticket prices?

a. When MR b. When MR c. When MR>MC, price to fill capacity
d. Both A&C

d

Economics

You might also like to view...

If a shift in aggregate demand only affects real Gross Domestic Product (GDP), then the short-run aggregate supply (SRAS) curve must be

A) upward sloping. B) downward sloping. C) horizontal. D) vertical.

View
Economics

Consider the following:

(i) Can a good have both a downward-sloping Engel curve and a downward-sloping demand curve? Why or why not? (ii) Can a good have both an upward-sloping Engel curve and an upward-sloping demand curve? Why or why not?

View
Economics