The ticket price that would maximize the total revenue would be $ 23.
Given that a football team charges $ 30 per ticket and averages 20,000 people per game, and each person spend an average of $ 8 on concessions, and for every drop of $ 1 in price, the attendance rises by 800 people, to determine what ticket price should the team charge to maximize total revenue, the following calculation must be performed:
- 20,000 x 30 + 20,000 x 8 = 760,000
- 24,000 x 25 + 24,000 x 8 = 792,000
- 28,000 x 20 + 28,000 x 8 = 784,000
- 26,000 x 22.5 + 26,000 x 8 = 793,000
- 27,200 x 21 + 27,200 x 8 = 788,000
- 26,400 x 22 + 26,400 x 8 = 792,000
- 25,600 x 23 + 25,600 x 8 = 793,600
- 24,800 x 24 + 24,600 x 8 = 792,000
Therefore, the ticket price that would maximize the total revenue would be $ 23.
Learn more in brainly.com/question/7271015
Answer:
1 : 11
Step-by-step explanation:
7 : 77 (will be divided by 7 and will get answer as)
1 : 11 answer
Answer:
If k is an integer, the number of toy cars Ken might have can be expressed as the interval
0 ≤ k < 25
-3/4
To calculate slope, use the formula
Slope (m) = y2 - y1/x2 - x1
Then choose two points on the line of the graph (as shown in attached file)
Input the values as read from the graph and solve for slope using the graph
Note that the discrepancy in answer is due to the assumption made, no value was given on the graph.
Answer:
y=27;y=−42
Step-by-step explanation:
33−y=6;63+y=21
y=27;y=−42
I hope this helps!
