hockey arena has 1600 seats. When the price of tickets is $15 all tickets are sold. Market research indicates that for every dollar increase in price 60 less tickets will be sold. Determine the optimal ticket price in order to maximize revenue.
hockey arena has 1600 seats. When the price of tickets is $15 all tickets are sold. Market research indicates that for every dollar increase in price 60 less tickets will be sold. Determine the optimal ticket price in order to maximize revenue.
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.CR: Review Problem Set
Problem 50CR
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A hockey arena has 1600 seats. When the price of tickets is $15 all tickets are sold. Market research
indicates that for every dollar increase in price 60 less tickets will be sold. Determine the optimal ticket
price in order to maximize revenue.
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