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.
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58=7/4x
Multiply both sides by 4 so the fraction cancels out:
232=7x
Divide both sides by 7:
x=33.14 (rounded)
Hope this helps :)
It’s 3/2 you can look at the the point (0,1) and (2,4) you can use a method called rise over run you got up 3 over 2 units to get to the next point
Answer:
i need a set of numbers to do this
Step-by-step explanation:
400,7,000 i think im not quit sure i dont know
