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:
b d is the answer and see in book
Answer:
b.5 hours
520-195=325
325/65=5
Step-by-step explanation:
4.167 I think but I'm not completely sure
Answer:
y = -1/2x + 5/2 or y = -0.5x + 2.5
Step-by-step explanation:
perpendicular lines have reciprocated slopes (opposite signs and values)
y = 2x + 1 → y = (-1/2x) + b
plug in (3,1) to find b
1 = -1/2(3) + b
1 = -1.5 + b
2.5 = b
y = -1/2x + 5/2 or y = -0.5x + 2.5
