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vlada-n [284]
3 years ago
10

Last year, 350 people come to see a spring concert at REL. The cost per ticket was $5.00. The orchestra committee wants to incre

ase ticket prices but it is estimated that for each increase in $0.25, 10 fewer people will attend the concert. What should the committee set the ticket price to maximize ticket sales.
Mathematics
2 answers:
Anit [1.1K]3 years ago
6 0
Let 0.25x is the price increase. Therefore, the number of attendees will be 350-10x and the revenue R=(350-10x)*(5+0.25x)=1750+37.5x-2.5x^2. This parabola has maximum at x=10, meaning the price=7.5
wlad13 [49]3 years ago
5 0

Answer:

max: 10   price: 7.5

Step-by-step explanation:

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