10. Promoters of international fund-raising concerts charges admission to closed-circuit TV showings of the concert in local theaters. By keeping records, a theater determines that at an admission price of $26, it averages 100 people in attendance. For every drop in price of $1, it gains 50 customers. What admission price should the theater charge in order to maximize the revenue?

Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
Chapter8: Areas Of Polygons And Circles
Section8.1: Area And Initial Postulates
Problem 3E: Consider the information in Exercise 2, but suppose you know that the area of the region defined by...
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10. Promoters of international fund-raising concerts charges admission to closed-circuit TV showings of the
concert in local theaters. By keeping records, a theater determines that at an admission price of $26, it
averages 100 people in attendance. For every drop in price of $1, it gains 50 customers.
What admission price should the theater charge in order to maximize the revenue?
étv N
MacBook Air
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F9
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* C∞
Transcribed Image Text:208 KB) 10. Promoters of international fund-raising concerts charges admission to closed-circuit TV showings of the concert in local theaters. By keeping records, a theater determines that at an admission price of $26, it averages 100 people in attendance. For every drop in price of $1, it gains 50 customers. What admission price should the theater charge in order to maximize the revenue? étv N MacBook Air DII DD F5 F6 F7 F8 F9 F10 F11 & ( ) 6 * C∞
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