Tickets and Merchandise. Consider a baseball team that has a ticket price of $45 and sells 30,000 tickets at this price. The slope of the demand curve is - $0.002. The typical fan purchases $25 worth...

Tickets and Merchandise. Consider a baseball team that has a ticket price of $45 and sells 30,000 tickets at this price. The slope of the demand curve is - $0.002. The typical fan purchases $25 worth of merchandise that costs the owner $5 to provide

a. The marginal revenue from ticket sales is
 .

b. Including both ticket sales and merchandise, the marginal fan contributes an additional
to the team’s total revenue. (Related to Application 1 on page 570.)