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 $6 on concessions. What price per ticket should be charged in order to maximize revenue? How many people will attend at that price? What is the price per ticket ? What is the average attendance ?
A university is trying to determine what price to charge for tickets to football games. At a price of 28$ 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 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 ?
Chapter2: Equations And Inequalities
Section2.3: Models And Applications
Problem 18SE: For exercises 17 and 18, use this scenario: A retired woman has $50,000 to invest but needs to make...
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A university is trying to determine what price to charge for tickets to football games. At a price of 28$ 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 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 ?
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