An economist estimates that a football team faces the below
demand schedule for tickets for each home game it plays. The
economist estimates that the team’s marginal cost of attendance,
and thus for all tickets sold, is $20.
Number of Tickets per Game
0
2,000
3,000
4000
5,000
6,000
7000
Price Per Ticket
$85
80
75
65
56
48
38
Construct a table showing columns for the firm’s Total Revenue,
Marginal Revenue and Marginal Cost.
Draw the demand, marginal revenue...