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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Answer:
5
Step-by-step explanation:
I subtracted
Hi there
let me help you out
The answer is 30
To find the answer you have to find the multiples of 2 and 5
2,4,6,8,10,12, 14,16,18,20,22,24,26,28,30,32,34,
5,10,15,20,25,30
30 comes in both time tables.
it also does not cross 34
hope this helps you
Answer:
Graph 2.
Step-by-step explanation:
The graph is decreasing.
Hope this helps!
If not, I am sorry.
Area of a triangle = 1/2 x base x height
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Find Height :
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3.75 = 1/2 x 2.5 x height
3.75 = 1.25 x height
height = 3.75 ÷ 1.25
height = 3 meters
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Answer: The height is 3 meters.
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