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Use the Table Below to Create a Nonlinear Model Based

Question 54

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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 total projected revenue for the new sales figures? A) $1,637.72 B) $2,970.09 C) $1,316.92 D) $2,865.89
-According to the nonlinear model, which of the following is the total projected revenue for the new sales figures?


A) $1,637.72
B) $2,970.09
C) $1,316.92
D) $2,865.89

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