The current price of an amateur theater tickets is $20, and the venue typically sells 500 tickets. A surveyfound that for each $1 increase in ticket price, 10 fewer tickets are sold.(a) What is the number of $1 increases in price that will maximize the revenue?Note: Revenue (number of items sold) x (price of per item)%3Db) What price per ticket will maximize the revenue?c) What is the maximum revenue?

Let x = $1 increases R = Revenue (in $) Given, R=(Number of item (ticket) sold) ×(Price of per item)…

Answered: (a) What is the number of $1 increases…

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter9: Systems Of Equations And Inequalities

Section: Chapter Questions

Problem 13T

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(a) What is the number of $1 increases in price that will maximize the revenue? Note: Revenue = (number of items sold) x (price of per item)