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Use the Table Below to Create a Nonlinear Model Based

Question 51

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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.
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 Silver tickets based on its new price? A) $1,163.02 B) $1,132.08 C) $1,224.63 D) $1,316.92
-According to the nonlinear model, which of the following is the projected revenue figure for Silver tickets based on its new price?


A) $1,163.02
B) $1,132.08
C) $1,224.63
D) $1,316.92

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