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Sublight2097 Sublight2097
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Posts: 4132
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8 years ago
If a university expects $160,000 in ticket revenue from five home football games and $180,000 in ticket revenue if it adds a sixth game, the
A) marginal revenue of the sixth game is $20,000,
B) marginal revenue of the sixth game is $30,000.
C) sixth game will cost more than each of the previous five games.
D) university should add a sixth game only if the average cost of a game is less than $30,000.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SydnieSydnie
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
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#3
8 years ago
I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile
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