Multiple Choice
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 Gold tickets based on its new price?
A) $432.93
B) $1,316.92
C) $1,116.03
D) $523.29
Correct Answer:

Verified
Correct Answer:
Verified
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