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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:
14 paychecks
Step-by-step explanation:
$495 + $65 = $560
$560 / 40 = 14
Therefore , he must save for 14 paychecks
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The triangle has to equal to 180. So add them up and equal it to 180
Answer:
60 minutes.
Step-by-step explanation:
Distance = Rate × Time
14 miles = 14mph × ?
Hence, time = 14 miles ÷ 14 mph = 1 hour
1 hour = 60 minutes.
He rode his bike for 60 minutes.
