Question

Revenue from major intercollegiate sports is an important source of funds for many colleges. Most of the costs of putting on a football or basketball game may be fixed and may increase very little as the size of the crowd increases. Thus, the revenue from every extra ticket sold may be almost pure profit.
Choose a sport played at your college or university, such as football or basketball, that generates significant revenue. Talk with the business manager of your college's sports programs before answering the following question:

Estimate the total additional revenue that would be generated in an average game if all of the tickets were sold at their normal prices. Estimate how much profit is lost because these tickets are not sold.

Answer 1

Managers will hire greater guide staff, together with security and merchandising employees, for large video games that predictably draw more people. Those charges are variable with appreciation to the number of anticipated attendees but are constant with recognition to the wide variety of those who clearly buy tickets.

Most other costs are constant with recognition to each of the quantity of anticipated and actual tickets sold x together with the fees of the training team of workers, athletic scholarships, uniforms and equipment, centers, and so on.

University football packages can generate sales in a variety of ways, along with price tag purchases, corporate sponsorships, endorsements, licensing costs, tv contracts, alumni donations, capital campaigns, student athletic expenses, and, for the elite few, bowl game costs or playoff/championship sales.

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