Final answer:
The revenue earned from selling 1750 season ticket packages at $320 each for the first show of a season is calculated by multiplying the number of tickets sold by the price per ticket, resulting in a total revenue of $560,000.
Step-by-step explanation:
The student is asking how to calculate the revenue earned from the first show of a season. Revenue is calculated by multiplying the number of units sold by the price per unit. In this case, 1750 season ticket packages were sold at $320 each. Therefore, the total revenue is calculated as follows:
Revenue = Number of Tickets Sold × Price per Ticket
Revenue = 1750 × $320
Revenue = $560,000
This simple calculation provides the total revenue from the first show's ticket sales. It demonstrates the business aspects of theatre production and the importance of ticket sales for a show's financial success. Understanding such economic principles is essential in the realms of theatre management and production.