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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210.69 is the answer.
Sorry for not explaining my work, in a bit of a hurry. I had this question back when i was in school.
Hope this helps & good luck. :)
Answer:
1371.6 (cm) are in 15 yards
Step-by-step explanation:
1371.6 centimeters are in 15 yards since 1 yard is equal to 91.44.
Answer:
unit rate is similar to speed / velocity:
[<em>unit</em><em> </em><em>rate</em><em> </em><em>must</em><em> </em><em>have</em><em> </em><em>units</em><em> </em><em>including</em><em> </em><em>per</em><em> </em><em><</em><em>time</em><em>></em><em> </em>]
Option 2. Is the answer to ur question..!!
Hope this helps you!!
