6 When a theater owner charges $5 for admission, there is an average attendance of 180 peopre. For every $0.10 price increase, there is a loss of 1 customers. What admission should be charged to maximize revenue and how many people will attend at that price?
6 When a theater owner charges $5 for admission, there is an average attendance of 180 peopre. For every $0.10 price increase, there is a loss of 1 customers. What admission should be charged to maximize revenue and how many people will attend at that price?
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
Problem 21E: Making furniture Two woodworkers, Chase and Devin, get 100 for making a table and 80 for making a...
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