Originally posted by Phan4Ever
Alright, CK... we get the hint.
I'm starting the "New Laptop for CK Fund" right here and now. I've got $6.35 Who'll match that? Let's go, gang!
We need your stuff, dude! :)
By the way, Mr. Economics Major... NYCPhan and I were kicking around what an economic model would look like if the goal was to maximize profit while filling the stadium fkajr. You'd have to consider how much local TV would be willing to spend for how many tickets to get their advertising revenues enhanced... and then you'd move price along the demand curve to get the seats all filled... and you'd have to consider elasticity of demand by various sectors of your market audience.
One key question: aren't fixed costs pretty well amortized across some rather low percentage of seats sold... with the marginal cost of each additional seat beyond that being VERY low... such that leaving ANY seats unsold pretty much means you've left near-pure profit out on the streets?
It got interesting in a hurry just kicking it around. What would Pareto say?