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
Answer:
The answer should be 45
Step-by-step explanation:
To get the whole are you would have to multiply the lenght with the Width and then take that answer and multiply it with the height
<u>BUT</u>
because you want the surface area, it would be just the lenght and width
15x3=45
so 45 is your answer.
Answer:
14
Step-by-step explanation:
its an formula which comes in algebraic expression
Answer:
x = 5/-8
Step-by-step explanation:
4x = 12x + 5
4x - 12x = 5
-8x = 5
x = 5/-8
Step-by-step explanation:
3x + 2y = 8
2y= -3x+8
y= -3/2x+4
so the answer is m= -
m=− 2
3
