Maximum Revenue A small theater has a seating capacity of 2,000. When the ticket price is $30, attendance is 1,500. After a price decrease of $2, however, the attendance increased to 1,700. Assuming that the demand function is linear, what ticket price (in dollars) will maximize the revenue? $ 50,625 x
Maximum Revenue A small theater has a seating capacity of 2,000. When the ticket price is $30, attendance is 1,500. After a price decrease of $2, however, the attendance increased to 1,700. Assuming that the demand function is linear, what ticket price (in dollars) will maximize the revenue? $ 50,625 x
Chapter6: Systems Of Equations And Inequalities
Section: Chapter Questions
Problem 91RE
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Transcribed Image Text:Maximum Revenue A small theater has a seating capacity of 2,000. When the ticket price is $30, attendance is 1,500. After a price decrease of $2, however, the attendance increased to 1,700. Assuming that the demand function is linear, what ticket price (in dollars) will maximize the
revenue?
$ 50,625 X
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