A university is trying to determine what price to charge for tickets to football games. At a price of $28 per ticket, attendance averages 40,000 people per game. Every decrease of $4 adds 10,000 people to the average number. Every person at the game spends an average of $6.00 on concessions. What price per ticket should be charged in order to maximize revenue? How many people will attend at that price? What is the price per ticket? What is the average attendance? people
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A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.
A university is trying to determine what price to charge for tickets to football games. At a price of
per ticket, attendance averages
people per game. Every decrease of
adds
people to the average number. Every person at the game spends an average of
on concessions. What price per ticket should be charged in order to maximize revenue? How many people will attend at that price?
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