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
The equation (1•2)^72 (72 20 minute periods in a day) would produce way more than 5 billion a day
No soy muy buena con álgebra pero te recomiendo esta app que se llama “Symbolab” donde solo tienes que escanear la tarea y te da la respuesta.
Answer:
9 blue marbles
Step-by-step explanation:
4 : 3 ratio
12 : x
12 / 4 = 3
4 × 3 : 3 × 3
12 : 9
It’s not my answer but I think it’s correct!
